Question: I am working on this project, I need some help with only one question. And to give the opinion on how's the project look like?
I am working on this project, I need some help with only one question. And to give the opinion on how's the project look like?
Question: Briefly describe your sample and your two quantitative variables, including their units of measurement. State that the purpose of your analysis is to use linear regression to price based on mileage.
Sample: Set of 30 2018 Chevrolet Camaros within 200 miles of 33615 ZIP code
Variable 1: The price of the car.
Variable 2: The miles of the car.
These the data I have so far
Simple linear regression results:
Dependent Variable: Price Independent Variable: Mileage Price = 41116.768 - 0.17675013 Mileage Sample size: 30 R (correlation coefficient) = -0.46576164 R-sq = 0.2169339 Estimate of error standard deviation: 9248.6584
Parameter estimates:
| Parameter | Estimate | Std. Err. | Alternative | DF | T-Stat | P-value |
|---|---|---|---|---|---|---|
| Intercept | 41116.768 | 2661.5978 | ? 0 | 28 | 15.448152 | |
| Slope | -0.17675013 | 0.06346236 | ? 0 | 28 | -2.7851175 | 0.0095 |
Analysis of variance table for regression model:
| Source | DF | SS | MS | F-stat | P-value |
|---|---|---|---|---|---|
| Model | 1 | 6.6350549e8 | 6.6350549e8 | 7.7568794 | 0.0095 |
| Error | 28 | 2.3950551e9 | 85537682 | ||
| Total | 29 | 3.0585606e9 |

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