Recent Posts • Latest Topics • Unanswered Questions

Use the following to answer the questions below:Does the price of used cars depend upon the model? ...

tifftran

wrote...

Go to Answer

Posts: 149

Rep:

3 months ago

Use the following to answer the questions below:Does the price of used cars depend upon the model? ...

Use the following to answer the questions below:

Does the price of used cars depend upon the model? Data were collected on the selling price and age of used Hyundai Elantras (coded as Model = 1) and Toyota Camrys (coded as Model = 0). Output from the multiple regression analysis is provided.

The regression equation is Price = 14.5 - 0.619 Age - 3.63 Model

Predictor	Coef	SE Coef	T	P
Constant	14.4648	0.7059	20.49	0.000
Age	-0.61922	0.04903	-12.63	0.000
Model	-3.6343	0.7584	-4.79	0.000

S = 2.63465 R-Sq = 69.3% R-Sq(adj) = 68.4%

Analysis of Variance

Source	DF	SS	MS	F	P
Regression	2	1142.13	571.06	82.27	0.000
Residual Error	73	506.72	6.94
Total	75	1648.85

What is the predicted price of a 6-year-old Toyota Camry? Round to three decimal places.

Textbook

Statistics: Unlocking the Power of Data

Edition: 3^rd

Authors: Lock, Morgon

Read 24 times

1 Reply

Report

Replies

Answer verified by a subject expert

shanej399

wrote...

Posts: 138

Rep:

3 months ago

More solutions for this book are available here

Report

Related Topics

tifftran Author

wrote...

3 months ago

Good timing, thanks!

Jadakiss

wrote...

Yesterday

You make an excellent tutor!

elizabetheldrid

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

991 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

311

332

362

Your Opinion

Previous poll results: Which is the best fuel for late night cramming?

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.