Data were obtained for 108 cars on their price (X) and the time (Y) in seconds for the car to accelerate from 0 to 60 miles per hour. The average value of X is $23,429 and the average value of Y is 8.9 seconds. Interpret and evaluate this least squares regression:

[ ]: t values

Transcribed Image Text:

Y = 10.31 0.0001X, R2 = 0.32 [38.6] [7.0]