# Project #4404 - Statistics/Regression

Regression

The table gives the retail value of a 2004 Corvette Z06 and the miles driven. (Source: Kelly Blue Book website, November 3, 2004)

Mileage Retail Value
13,000 \$46,100
18,000 \$44,600
20,000 \$43,300
25,000 \$41,975
29,000 \$40,975
32,000 \$39,750

Q. 1 (8 Points). Find the correlation coefficient for the data.

Q. 2 (3 Points). What is the significance of this value of the correlation coefficient?

Q. 3 (8 Points). What is the least-squares regression line for the data?

Q. 4 (3 Points). Use the least-squares line to predict the retail value of the model car with a mileage of 30,000 miles.

q. 5 (3 Points). What is the retail value of a model car with 35,000 miles.

 Subject Mathematics Due By (Pacific Time) 04/20/2013 12:00 am
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