Question: 1. Estimate a multiple regression equation using the given data to predict the yearly maintenance expense for the given trucks based on the miles driven
1. Estimate a multiple regression equation using the given data to predict the yearly maintenance expense for the given trucks based on the miles driven and the age of the truck.
2. If a truck is 9 years old and driven 5000 miles, what is the estimated maintenance expense for the year?
3.Using simple regression, find R2 for each of the variables and tell me which one has more of an effect on the annual maintenance expense. Remember, the higher R2, the greater the correlation.
Please use excel
| Truck | Maintenance Expense | Y | Miles Driven | X | Age of Truck | X |
| 1 | $908.56 | 10,500 | 10 |
| 2 | $751.12 | 9,700 | 7 |
| 3 | $793.55 | 9,200 | 8 |
| 4 | $619.61 | 8,300 | 9 |
| 5 | $380.11 | 6,500 | 5 |
| 6 | $368.72 | 4,500 | 2 |
| 7 | $235.32 | 3,500 | 2 |
| 8 | $174.93 | 2,200 | 3 |
| 9 | $256.30 | 1,800 | 2 |
| 10 | $799.58 | 9800 | 7 |
| 11 | $436.04 | 6600 | 5 |
| 12 | $304.25 | 3600 | 1 |
| 13 | $226.81 | 2500 | 3 |
| 14 | $179.68 | 3100 | 3 |
| 15 | $726.65 | 8400 | 10 |
| 16 | $810.53 | 9700 | 9 |
| 17 | $142.53 | 1800 | 4 |
| 18 | $915.53 | 10000 | 11 |
| 19 | $813.45 | 9800 | 8 |
| 20 | $803.78 | 9900 | 7 |
| 21 | $227.32 | 1100 | 1 |
| 22 | $231.46 | 2600 | 1 |
| 23 | $839.21 | 10300 | 6 |
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