The following data are a sample of the ages, times (years), and the asking price

Question

The following data are a sample of the ages, times (years), and the asking prices, y (in thousands of dollars), for used Honda Accords that were listed on AutoTrader.com on march io, 2005. Use the linear gression program on the graphing calculator to obtam the equation of the line of best fit. (Give your a o two decimal places.) Predict the average asking pnce for all Honda Accords that are 5 years old. Obtain tho answer in two ways: using the equation from part (a) or using the regression line on the scatter diagram shown on the graphing calculator (Check the insbuctFon on the PowerPoint slides.) (Round to the nearest dollar.) Can you think of any potantial lurking variables for the situation (Select all that apply.)

Explanation / Answer

a) y= 33.32+-2.85x
b) using equation = 19.05
c) age of car

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