Using Advertised Prices for Used Ford Escorts a Linear Model

Question 59
Multiple Choice

Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found.The regression has an img = 87.7%.Write a sentence summarizing what img says about this regression. A)The age of the car explains 87.7% of the variation in price. B)The price of the car explains 87.7% of the variation in age. C)The age of the car explains 12.3% of the variation in price. D)The age of the car explains 9.36% of the variation in price. E)The price of the car explains 12.3% of the variation in age.