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.

-Is the linear model effective at predicting the price of used Hyundai Elantras? Use the information from the computer output and α = 0.05. Include all details of the test.

Question

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.
 
-Is the linear model effective at predicting the price of used Hyundai Elantras? Use the information from the computer output and α = 0.05. Include all details of the test.

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The Answer of 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.
 
-Is the linear model effective at predicting the price of used Hyundai Elantras? Use the information from the computer output and α = 0.05. Include all details of the test.

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