A statistics student is studying if there is a relationship Using the computer output, what is the predicted price between the price of a used car and the number of for a car with 10,000 miles on the odometer?
miles it had been driven. She collects data for 20 cars
of the same model with different mileage and
O $22,347.20
determines each car's price using a used car website. O $23,917.20
The analysis is given in the computer output.
O $24,157.20
Predictor Coef SE Coef t-ratio po $25,967 20
Constant 24157.2 2164.1 2.965 0.046
Mileage -0.181 0.024 5.3770.000
S = 3860.7 R-Sq 68.0% R-Sq(Adj) - 67.5%