urgent

A = 5

B = 4

C = 8

Classified ads in a newspaper offered several used cars of a certain brand for sale. The following data show the advertised prices in dollars and respective ages of the cars in years. Develop a model to predict the price of a car of this brand using the age of the car as a predictor. Provide an assessment of the validity, significance and predictive power of your model. Provide confidence intervals for key parameters and give their plain language interpretations (whereever applicable). Further, suppose that you own a car of this brand which has age 6 years, and you want to sell it quickly, so you wish to price it at a low price. Do you think 5000 dollars would be considered a low price? Explain your reasoning Age Price 4 10999 A 8999 6999 B 2 13998 8988 5 9488 10000 10 12 5 3 8 2700 10488 10900 6995 12495 4 1 13900 7 11400