Question: Considering the value of the intercept, Regression Statistics Multiple R 0.877 R Square 0.768 Adjusted R Sq 0.768 Standard Errc 1746.038 Observations 1436 Coefficients Standard


Considering the value of the intercept, Regression Statistics Multiple R 0.877 R Square 0.768 Adjusted R Sq 0.768 Standard Errc 1746.038 Observations 1436 Coefficients Standard Error Intercept 20294 146.10 Age -171 2.48 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Anew Corolla sells for $20,294, on average. b Thestarting price of a Corolla is $20,294 and this increases by $146.10 per month. c 76.8% of Corollas sell for at least $20,294. d 520,294 is the highest price paid for any used Corolla. Thinking about the model performance and/or accuracy of predictions, Regression Statistics Multiple R 0.877 R Square 0.768 Adjusted R Sq 0.768 Standard Errc 1746.038 Observations 1436 Coefficients Standard Error Intercept 20294 146.10 Age -171 2.48 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Themodel gives correct predictions 87.7% of the time. b Actual prices should be within 76.8% of the predicted price. ltwould be common to see predicted price differ from actual price by $51,746. d Predictions are usually 51,746 too high
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