Question: You manage a car dealership that sells economy cars of similar styles at various ages. A

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Question: You manage a car dealership that sells economy cars of similar styles at various ages. A customer wants to trade in a car with a new purchase. The car is eight years old. Using linear regression, what do you think the car will sell for if you take the car as a trade-in?

Car Age (in years)	Sale Price (in dollars)
4	6300
4	5800
5	5700
5	4500
7	4500
7	4200
8	4100
9	3100
10	2100
11	2500
12	2200

Please can you provide the explanation and calculations? Thanks

Posted Date: May 19, 2024 04:19 AM

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Question: You manage a car dealership that sells economy cars of similar styles at various ages. A

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