Question: With the below raw data, there are 7 variables listed: Vehicle type/class Year Make Model Price MPG (city) MPG (highway) Luxury Sedan 2020 Tesla Model

With the below raw data, there are 7 variables listed:

Vehicle type/class

Year

Make

Model

Price

MPG (city)

MPG (highway)

Luxury Sedan 2020 Tesla Model S Price: 81,190 MPG city: 115 hwy: 107

Luxury Sedan 2020 Genesis G90 79,225 15 23

Luxury Sedan 2020 Lexus LS500 79,695 18 27

Luxury Sedan 2020 Audi A7 69,995 22 29

Luxury Sedan 2020 Mercedes CLS 70,945 24 31

Luxury Sedan 2020 Kia K900 61,340 18 25

Luxury Sedan 2020 BMW 7 Series 87,445 22 29

Luxury Sedan 2020 Mercedes S-Class 93,445 19 28

Luxury Sedan 2020 Lincoln Continental 47,300 17 26

Luxury Sedan 2020 Jaguar XF 52,095 25 34

Pick TWO variables that you feel are correlated and explain why you feel that they are correlated. Identify if you suspect the relation is positive or negative? Why? Which would be considered the independent variable, which the dependent variable? And please explain why.

Please Run a regression analysis in Excel and provide the results with your raw data. Looking at the R² value, explain what this indicates about the strength of the relation. Then write out your Regression Equation, state if your p-value and conclusion.

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