A statistics professor bought a new car for $35,000. For the next 5 years, she used several automotive web pages to estimate the value of the car. She then found the least-squares regression line for the data to be ŷ = 35035.71 - 4142.86x where y is the value of the car and is the years since she purchased it. Predict the value of her vehicle after 6 years.

A statistics professor bought a new car for $35,000. For the next 5 years, she used several automotive web pages to estimate the value of the car. She then found the least-squares regression line for the data to be ŷ = 35035.71 - 4142.86x where y is the value of the car and is the years since she purchased it. Predict the value of her vehicle after 6 years.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 4GP

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