Use the following
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age

S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4%
Predicted Values for New Observations

-What is the estimated slope in this regression model? Interpret the slope in context.

Question

Use the following 
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age
  
S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4%
Predicted Values for New Observations

-What is the estimated slope in this regression model? Interpret the slope in context.

Quizplus · Accepted Answer

The Answer of Use the following 
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age
  
S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4%
Predicted Values for New Observations

-What is the estimated slope in this regression model? Interpret the slope in context.

Use the Following