Using the computer output, what is the predicted price for a car with 10,000 miles on the odometer?
A statistics student is studying if there is a relationship
between the price of a used car and the number of
miles it had been driven. She collects data for 20 cars
of the same model with different mileage and
determines each car's price using a used car website.
The analysis is given in the computer output
O $22,347.20
O $23,917.20
O $24,157.20
O $25,967.20
Predictor Coef SE Coef t-ratio р
Constant 24157.2 2164.1 2.965 0.046
Mileage -0.181 0 24 5.377 0.000
S = 3860.7 R-Sq = 68.0% R-Sq (Adj) = 67.5%
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