w. 1 Age and Price Age 13 Price ($) 3,484 Price ($) 7,990 Price ($) 9,958 Age Age 13 5,458 3,453 4,994 6,442 5,999 5,504 6,292 6,882 7,594 6,505 6,275 6,281 9. 6,745 7,506 8,501 6,963 7,598 8,994...


An automotive sales manager wishes to examine the relationship between age​ (years) and sales price​ ($) for used automobiles of a certain brand. The accompanying table contains data for a sample of a certain make and model that were listed for sale at a car shopping website.



b. Fit a quadratic regression model to predict price and state the quadratic regression equation.


w.<br>1 Age and Price<br>Age<br>13<br>Price ($)<br>3,484<br>Price ($)<br>7,990<br>Price ($)<br>9,958<br>Age<br>Age<br>13<br>5,458<br>3,453<br>4,994<br>6,442<br>5,999<br>5,504<br>6,292<br>6,882<br>7,594<br>6,505<br>6,275<br>6,281<br>9.<br>6,745<br>7,506<br>8,501<br>6,963<br>7,598<br>8,994<br>8,774<br>7,993<br>9,682<br>8,993<br>11,594<br>9,493<br>4<br>10,976<br>12,992<br>11,995<br>11,986<br>13,486<br>12,485<br>14,543<br>13,870<br>13,003<br>19,001<br>15,741<br>17,496<br>13<br>8.<br>4<br>12<br>8<br>4.<br>12<br>8<br>3<br>12<br>7<br>3<br>11<br>7<br>3<br>11<br>7<br>2<br>11<br>6.<br>6.<br>6.<br>10<br>10<br>1<br>10<br>1<br>9<br>5<br>Print<br>Done<br>

Extracted text: w. 1 Age and Price Age 13 Price ($) 3,484 Price ($) 7,990 Price ($) 9,958 Age Age 13 5,458 3,453 4,994 6,442 5,999 5,504 6,292 6,882 7,594 6,505 6,275 6,281 9. 6,745 7,506 8,501 6,963 7,598 8,994 8,774 7,993 9,682 8,993 11,594 9,493 4 10,976 12,992 11,995 11,986 13,486 12,485 14,543 13,870 13,003 19,001 15,741 17,496 13 8. 4 12 8 4. 12 8 3 12 7 3 11 7 3 11 7 2 11 6. 6. 6. 10 10 1 10 1 9 5 Print Done

Jun 07, 2022
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