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The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends on many factors, including the model year, mileage, and condition. To investigate the relationship between the cars mileage and the sales price for Camrys, the following data show the mileage and sale price for 19 sales (PriceHub web site, February 24, 2012).

	Miles (1,000s)	Price ($1,000s)
	22		16.2
	29		16.0
	36		13.8
	47		11.5
	63		12.5
	77		12.9
	73		11.2
	87		13.0
	92		11.8
	101		10.8
	110		8.3
	28		12.5
	59		11.1
	68		15.0
	68		12.2
	91		13.0
	42		15.6
	65		12.7
	110		8.3

(a)

Choose a scatter chart below with Miles (1000s) as the independent variable.

(i)
(ii)
(iii)
(iv)

(e) For the model estimated in part (b), calculate the predicted price and residual for each automobile in the data. Identify the two automobiles that were the biggest bargains. If required, round your answer to the nearest whole number. The best bargain is the Camry \# The second best bargain is the Camry \# in the data set, which has in the data set, which has miles, and sells for $ miles, and sells for $ less than its predicted price. less than its predicted price. (f) Suppose that you are considering purchasing a previously owned Camry that has been driven 90,000 miles. Use the estimated regression equation developed in part (b) to predict the price for this car. If required, round your answer to one decimal place. Do not round intermediate calculations. Enter your answer in dollars. For example, 12 thousand should be entered as 12,000 . Predicted price: $ Is this the price you would offer the seller? Explain. (i) Regardless of other factors not considered in the model (various options, the physical condition of the body and interior, etc.), this is not a reasonable price to expect to pay for a Camry that has been driven 90,000 miles miles. (ii) Depending on other factors not considered in the model (various options, the physical condition of the body and interior, etc.), this is a reasonable price to expect to pay for a Camry that has been driven 90,000 miles miles