# Question

When estimating the selling price of a used sedan as a function of its age using the model Price = β0 + β1Age + , a researcher gets the following ANOVA results:

a. How many observations did the researcher use?

b. What is the standard error of the estimate?

c. Calculate and interpret the coefficient ofdetermination.

a. How many observations did the researcher use?

b. What is the standard error of the estimate?

c. Calculate and interpret the coefficient ofdetermination.

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