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# Use the following to answer the questions below:Data were collected on the mileage (in thousands of ...

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A month ago
Use the following to answer the questions below:

Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial computer output from a regression analysis are provided.

Use three decimal places when reporting the results from any calculations, unless otherwise specified.

 Variable Mean StDev Minimum Maximum Price 8.304 4.025 1.900 15.900 Mileage 60.01 39.31 0.90 138.20
The regression equation is Price = 13.8 - 0.0912 Mileage

 Source DF SS MS F P Regression 1 308.32 308.32 88.01 0.000 Residual Error 23 80.57 3.50 ​ ​ Total 24 388.89 ​ ​ ​

Use the provided output to construct and interpret a 95% interval for the mean price of all used Hyundai Elantras with 50,000 miles.
Textbook

## Statistics: Unlocking the Power of Data

Edition: 3rd
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marcospolosmarcospolos
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