Let x be the age (in years) and let y be the price (in thousands of dollars), both for a Chevrolet Impala sedan. To get started, create the scatter plot in your calculator. Calculate the regression equation (= a +bx) and add it to your scatterplot- a) state. - your equation (3 decimals) 6) State your r-value: (4 decimals) c) Explain the slope: d) Explain the r²: e) Two cars are 7 years old. Find each one's residual: f) if you were selling a car, would you rather its residual was Positive or negative? Explain why? 14 8 1
