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The Relationship Between the Selling Price (In Dollars)of Used Ford  price ^=14,4581472\hat{\text { price }} = 14,458 - 1472

Question 32

Multiple Choice

The relationship between the selling price (in dollars) of used Ford Escorts and their age (in years) is analyzed.A regression analysis to predict the price from the age gives the model  price ^=14,4581472\hat{\text { price }} = 14,458 - 1472 age.Predict the price of an Escort that is 8 years old.


A) $11,776
B) $10
C) $26,234
D) $12,994
E) $2682

Correct Answer:

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