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erma4kov [3.2K]
3 years ago
14

The owner of Maumee Ford-Mercury-Volvo wants to study the relationship between the age of a car and its selling price. Listed be

low is a random sample of 12 used cars sold at the dealership during the last year.Car Age (years) Selling Price ($000) Car Age (years) Selling Price ($000)1 9 8.1 7 8 7.62 7 6.0 8 11 8.03 11 3.6 9 10 8.04 12 4.0 10 12 6.05 8 5.0 11 6 8.66 7 10.0 12 6 8.0(a) Determine the regression equation. (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)a = ________b =_________

Mathematics
1 answer:
nadya68 [22]3 years ago
5 0

Answer:

a= 13.15 years

b= -0.62 years/$

Step-by-step explanation:

Hello!

Given the variables

Y: Age of a used car. (years)

X: Price of a sold used car. ($000)

The linear regression model is:

E(Y)= α + βXi

The estimated equation is:

^Y= a + bXi

a= (\frac{sumY_i}{n} ) - b(\frac{sumX_i}{n} )

a= 13.15 years

b= \frac{(sumX_iY_i-\frac{(sumX_i)(sumY_i)}{n} }{sumX_i^2-(\frac{(sumX_i)^2}{n} )}

b= -0.62 years/$

Then ^Y= 13.15 - 0.62Xi

Mean Y= 8.92

Mean X= 6.91

∑Y= 107

∑Y²=1009

∑X=82.90

∑X²=615.29

∑XY=712.9

Hope it helps!

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A rectangular dog pen is constructed using a barn wall as one side and 60 meters of fencing for the other three sides. What is t
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Answer:

450 m²

Step-by-step explanation:

Let x = length of rectangle and y = width of the rectangle.

Therefore,

2x + y = 60...............(1)

Making y subject of the formula, we have:

y = 60 - 2x............... (2)

We know area of a rectangle is length * width i.e A = x*y

Let's substitute (60-2x) for y,

A = x * (60-2x)

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Let's substitute 15 for x in equation 2, we have:

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Since x = 15 & y = 30, the area would be:

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The maximum area of the dog pen is 450m²

8 0
3 years ago
A credit card company has found that 0.1% of all transactions are fraudulent. It has developed a computer program that correctly
Serjik [45]
Given:
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Step-by-step explanation:

<u>Explanation:</u>-

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