Suppose a rental car company uses simple linear regression to develop an equation that predicts the repair costs for each of its vehicles based on the mileage of the car (total miles driven).The company uses the following data on repair costs and miles driven for five of its cars: The least squares line would predict annual repair costs of $______ for a car with 60,000 miles on the odometer (rounded to the nearest whole dollar).
A)646
B)837
C)1385
D)831,006

Question

Suppose a rental car company uses simple linear regression to develop an equation that predicts the repair costs for each of its vehicles based on the mileage of the car (total miles driven).The company uses the following data on repair costs and miles driven for five of its cars:  The least squares line would predict annual repair costs of $______ for a car with 60,000 miles on the odometer (rounded to the nearest whole dollar).
A)646 
B)837 
C)1385 
D)831,006

Quizplus · Accepted Answer

The Answer of Suppose a rental car company uses simple linear regression to develop an equation that predicts the repair costs for each of its vehicles based on the mileage of the car (total miles driven).The company uses the following data on repair costs and miles driven for five of its cars:  The least squares line would predict annual repair costs of $______ for a car with 60,000 miles on the odometer (rounded to the nearest whole dollar).
A)646 
B)837 
C)1385 
D)831,006

Suppose a Rental Car Company Uses Simple Linear Regression to Develop