A random sample of 102 observations is selected to estimate the relationship between the price of a used car (y) and its odometer readings (x). The estimated simple regression line is: ý = 6533 –...

Extracted text: A random sample of 102 observations is selected to estimate the relationship between the price of a used car (y) and its odometer readings (x). The estimated simple regression line is: ý = 6533 – 0.03x (0.004) where the value 0.004 in bracket is the standard error of the point estimator for the slope in the regression model. Question 15. What percent of the variability of the used car values can be explained using this model? O 60% O 36% O 80% O 64% O 95% O o o o