
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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Question
The following table gives retail values of a 2017 Corvette for various odometer readings.
Odometer Reading | Retail Value ($) |
---|---|
13,000 | 52,275 |
18,000 | 51,775 |
20,000 | 51,400 |
25,000 | 50,375 |
29,000 | 49,675 |
32,000 | 49,125 |
(a)
Find the equation of the least-squares line for the data. (Where odometer reading is the independent variable, x, and retail value is the dependent variable. Round your numerical values to two decimal places.)
ŷ =
(b)
Use the equation from part (a) to predict the retail price of a 2017 Corvette with an odometer reading of 30,000. Round to the nearest $100.
(c)
Find the linear correlation coefficient for these data. (Round your answer to four decimal places.)
r =
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