Question: Using the computer output, what is the correlation? A statistics student is studying if there is a relationship between the price of a used car
Using the computer output, what is the correlation? A statistics student is studying if there is a relationship between the price of a used car and the number of miles it had been driven. She collects data for 20 cars of the same model with different mileage and determines each car's price using a used car website. The analysis is given in the computer output. 0.68 0.82 Predictor Coef SE Coef t-ratio Constant 24157.2 2164.1 2.965 0.046 Mileage -5.377 S = 3860.7 R-Sq = 68.0% R-Sq(Adj)=67.5\%
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