In Exercise 4.51, you determined a regression equation that can be used to predict the price of
Question:
a. Should that regression equation be used to predict the price of a 4-year-old Corvette? a 10-year-old Corvette? Explain your answers.
b. For which ages is use of the regression equation to predict price reasonable?
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a It is acceptable to use the regression equation to predict the price of a fouryearold Corvet...View the full answer
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