Question: The following linear regression equation estimates the relationship between the selling price ($) of a popular 4WD car based on the age of the car
The following linear regression equation estimates the relationship between the selling price ($) of a popular 4WD car based on the age of the car (years) and the number of kilometers on the odometer.
Estimated Selling Price = 70625 - 4562 Year - 0.03 Odometer
Estimate the selling price of apopular 4WD car that is 9 years old and has 35427 kilometers on the odometer.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
