The Cadet is a popular model of sport utility vehicle, known for its relatively high resale...
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The Cadet is a popular model of sport utility vehicle, known for its relatively high resale value. The bivariate data given below were taken from a sample of sixteen Cadets, each bought "new" two years ago and each sold "used" within the past month. For each Cadet in the sample, we have listed both the mileage, x (in thousands), that the Cadet had on its odometer at the time it was sold used, and the price, y (in thousands of dollars), at which the Cadet was sold used. These data are shown graphically in the scatter plot in Figure 1. Used selling price, y (in thousands) (in thousands of dollars) Mileage, x 21.0 30.9 23.5 34.0 40 20.9 31.5 22.9 31.1 23.6 27.6 34.3 26.4 39.2 22.3 27.0 31.3 37.8 23.3 27.9 25.7 25.7 26.4 Mileage 15.5 34.6 (in thousands) 30.7 Figure 1 24.0 27.4 29.3 29.3 27.2 Activate 28.4 Go to Se 24.1 Used selling price (In thousands of dollars) The icaut souaces.reareson.ine for these data has a slope af approximately -0,45. Answer the fullowing Carry your intermediate computations to at lenast four decimal places, and round your answers a speotied below f necessary coniult a stof tormulas.) Ca) What is the value of thentercest of the least sguares regression ine for these data Rund your answer to at least two decamal places () what is the value of the mcicaton.coettioent for these data Round your answer ta at least three deomal places The Cadet is a popular model of sport utility vehicle, known for its relatively high resale value. The bivariate data given below were taken from a sample of sixteen Cadets, each bought "new" two years ago and each sold "used" within the past month. For each Cadet in the sample, we have listed both the mileage, x (in thousands), that the Cadet had on its odometer at the time it was sold used, and the price, y (in thousands of dollars), at which the Cadet was sold used. These data are shown graphically in the scatter plot in Figure 1. Used selling price, y (in thousands) (in thousands of dollars) Mileage, x 21.0 30.9 23.5 34.0 40 20.9 31.5 22.9 31.1 23.6 27.6 34.3 26.4 39.2 22.3 27.0 31.3 37.8 23.3 27.9 25.7 25.7 26.4 Mileage 15.5 34.6 (in thousands) 30.7 Figure 1 24.0 27.4 29.3 29.3 27.2 Activate 28.4 Go to Se 24.1 Used selling price (In thousands of dollars) The icaut souaces.reareson.ine for these data has a slope af approximately -0,45. Answer the fullowing Carry your intermediate computations to at lenast four decimal places, and round your answers a speotied below f necessary coniult a stof tormulas.) Ca) What is the value of thentercest of the least sguares regression ine for these data Rund your answer to at least two decamal places () what is the value of the mcicaton.coettioent for these data Round your answer ta at least three deomal places
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Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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