Question

A Sunday newspaper lists the 10 used car prices for a foreign compact, with age x measured in years and selling price y measured in thousands of dollars.

Answer 1

Question:

A Sunday newspaper lists the 10 used car prices for a foreign compact, with age x measured in years and selling price y measured in thousands of dollars. A Sunday newspaper lists the 10 used car prices for a foreign compact, with age x measured in years and selling price y measured in thousands of dollars.

Picture of data can be found in the picture attached.

Answer:

Slope = -1.71

Intercept = 22.05

Step-by-step explanation:

Equation of a line usually takes the general form :

ŷ = mx + c

Where :

m = slope or gradient

c = intercept

Inputting the data into a linear regression calculator ;

The output is : ŷ = -1.70872X + 22.04985

Comparing the output to the general formula;

The slope (m):

m = -1.70872 = -1.71(2 decimal places).

The intercept (c):

c = 22.04985 = 22.05(2 decimal places).