Question: f 41. There is a linear relationship between the age of a certain model of car (in years) and its price (in hundreds of dollars).

41. There is a linear relationship between the age of a certain model of car (in years) and its price (in hundreds of dollars). Partial analysis of data on this relationship provides the following. S = 1.421 Sy = 31.159 Minimum x-value = 2 years Maximum x-value = 5 years Std. Err. Intercept 195.47 15.240 =20.26 2.800 Which statement(s) is (are) TRUE? I. The correlation coefficient, r= 0.924. I. According to this model, the predicted price for a 4-year-old car is $11,443. lll. | Wecan use the intercept and predict what a brand-new car should be worth $195.47

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