Using the computer output, what is the predicted price for a car with 10,000 miles on the odometer?

A statistics student is studying if there is a relationship

between the price of a used car and the number of

miles it had been driven. She collects data for 20 cars

of the same model with different mileage and

determines each car's price using a used car website.

The analysis is given in the computer output.

$22,347 20

$23,917.20

$24,157.20

$25,967 20

p

Predictor Coef

SE Coef t-ratio

Constant 24157.2 2164.1 2.965 0.046

Mileage -0.181 0.024 5.377 0.000

S = 3860.7 R-sq = 68.0% R-Sq(Adj) = 67.5%