As part of its ongoing testing and reporting program, the Insurance Institute for Highway Safety has crashed
Question:
a. Based on these data, determine the least-squares regression equation for predicting rear full-width crash repair cost on the basis of rear corner crash repair cost.
b. Determine and interpret the coefficients of correlation and determination.
c. Based on these data, if a mini or micro-car like the ones tested were to incur $800 in damages in the rear corner test, what level of repairs would be predicted for the rear full-width test?
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