Question: Using the information below calculate the predicted value for Y for the given value of X. Y (Dependent Variable) = Cost of a car in
Using the information below calculate the predicted value for Y for the given value of X.
Y (Dependent Variable) = Cost of a car in thousands of dollars (i.e. Y = 1 means one-thousand dollars)
X (Independent Variable) = Miles per Gallon in city traffic
yhat = 28.1 + 0.62*X
On average how many thousands of dollars would a car cost if it gets 30 Miles per Gallon in city traffic(round your answer to 4 decimal places)?
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