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 R² for this model? Interpret it 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 R² for this model? Interpret it 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 R² for this model? Interpret it in context.

Use the Following