Question

The Kelley Blue Book provides information on wholesale and retail prices of cars. Following are age and price data for 10 randomly selected Corvettes between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds of dollars.
For each exercise here, discuss what satisfying Assumptions 1–3 for regression inferences by the variables under consideration would mean.


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  • CreatedAugust 13, 2015
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