Jaime Mendoza decides to buy a fuel-efficient used car. Here are several vehicles Jaime is considering, with the estimated cost to purchase and the age of the vehicle.

a. Create a scatter plot of the data. What do you observe?b. Calculate the correlation coefficient. What does it indicate about the relationship between cost and age?c. Complete a regression analysis of the relationship. Report and interpret the coefficient of determination.d. Write the regression equation that predicts cost.e. Is the slope of the regression line significantly different from zero? Why?f. Estimate the cost of a 5-year-old car.

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Vehicle Honda Insight Toyota Prius Toyota Prius Toyota Echo Honda Civic Hybrid Honda Civic Hybrid Chevrolet Cruz Mazda3 Toyota Corolla Acura Integra Scion XB Scion XA Mazda3 Mini Cooper Estimated Cost $5,555 $17,888 $9,963 $6,793 $10,774 $16,310 $2,475 $2,808 $7,073 $8,978 $11,213 $9,463 $15,055 $20,705 Age 8 655 600 3 6 2809 10 823 22