Essay
Use the following
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 13.8 - 0.0912 Mileage
-Use the provided output to construct and interpret a 95% interval for the price of a single used Hyundai Elantra with 50,000 miles.
Correct Answer:

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df = 23 so t* = 2.069
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