The owner of maumee ford-mercury-volvo wants to study the relationship between the age of a car and its selling price. listed below is a random sample of 12 used cars sold at the dealership during the last year.

car age selling price car age selling price
1 9 8.1 7 8 7.6
2 7 6.0 8 11 8.0
3 11 3.6 9 10 8.0
4 12 4.0 10 12 6.0
5 8 5.0 11 6 8.6
6 7 10.0 12 6 8.0

a. determine the regression equation.

a)

b)

b. estimate the selling price of a 10-year old car (in $000).

c. interpret the regression equation in dollars.

for each additional year, the car decreases $ in value

answer: 59

step-by-step explanation:

the system of inequity is

step-by-step explanation:

from the given graph it is noticed that we have two related lines. one is solid and another is dashed.

if a line passing through two points, then the equation of line is

the solid line passing through the points (0,4) and (4,0).

the related equation of solid line is .

similarly, find the related equation of dashed line. the dashed liune passing through the points (0,0) and (3,1).

the related equation of dashed line is

from the given graph it is noticed that the point (0,1) lies on the shaded region, therefore the point (0,1) must be satisfied by the related equations.

check the related equations by the point (0,1).

this statement is true if the sign of inequality is < instead of equality. since it is an solid line therefore the sign of inequality will be . the required inequality is

similarly, check the second related equation.

it is a dashed line, so this statement is true if the sign of inequality is > . the required inequality is

what

-60.75

step-by-step explanation:

just add the numbers then put the negative sign on it