Corvette Prices. Regarding the relationship between the price of a Corvette and its age and number of miles driven. a. Perform a residual analysis to assess the assumptions of linearity of the...

Corvette Prices. Regarding the relationship between the price of a Corvette and its age and number of miles driven.

a. Perform a residual analysis to assess the assumptions of linearity of the regression equation, constancy of the conditional standard deviation, and normality of the conditional distributions. Check for outliers and influential observations.

b. Does your analysis in part (b) reveal any violations of the assumptions for multiple regression inferences? Explain your answer.