In Exercise 10.35 on page 571, we use the data in MustangPrice to predict the Price of used Mustang cars based on the Age in years and number of Miles driven. Use technology to find the residuals for fitting that model and construct appropriate residual plots to assess whether the conditions for a multiple regression model are reasonable.

Exercise 10.35 on page 571

Data 3.4 on page 209 describes a sample of n = 25 Mustang cars being offered for sale on the Internet. We would like to predict the Price of used Mustangs (in $1000s) and the possible explanatory variables in MustangPrice are the Age in years and Miles driven (in 1000s).