Use the following
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

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

-Interpret the coefficient of Model in context.

Question

Use the following 
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
  
S = 2.63465 R-Sq = 69.3% R-Sq(adj) = 68.4%
Analysis of Variance
 
-Interpret the coefficient of Model in context.

Quizplus · Accepted Answer

The Answer of Use the following 
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
  
S = 2.63465 R-Sq = 69.3% R-Sq(adj) = 68.4%
Analysis of Variance
 
-Interpret the coefficient of Model in context.

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