Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

The owner of a used car dealership is trying to determine if there is a relationship between the price of a used car and the number of miles it has been driven. The owner collects data for 25 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.
constant 24157.2 SE coef 2164.1 t ratio 2.965
millage -0.181 0.024 5.377
p values 0.046 0.000
s=3860.7
R-sq=68%
R-sq adj =69.5

Sagot :

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.