Explanatory variable and the asking price


Classified ads in a newspaper offered 15 used cars of the same make and model for sale. A regression analysis was performed with the age of the car (in years) as the explanatory variable and the asking price (in dollars) as the response variable.

variable coefficient SE (Coef)
constant 13815 521.19
age -1038 88.83

Construct a 95% confidence interval for the slope of the regression line.

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Basic Statistics: Explanatory variable and the asking price
Reference No:- TGS0743479

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