Subaru Costs Data Collected from Internet Ads for 1999 Subarus $r^{2}=0.47 \text { and equation }$

question 74

Essay

Subaru costs Data collected from internet ads for 1999 Subarus were used to create a
model to estimate the asking price of the car based on the number of miles it had been
driven. The model has $r^{2}=0.47 \text { and equation }$ = 15,327 - 0.11 Miles
) . The plot of
residuals versus the predicted price is shown.
a. Do you think you could make accurate estimates of Subaru prices with this model?
Explain.
b. Interpret the slope of the line.
c. One of the cars in the data set had been driven 42,000 miles. How much was the owner
asking for it? (Show work.)

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Definitions:

Auditory Cortex

The region of the brain that is responsible for processing auditory information, located in the temporal lobes.

Association Areas

Regions of the cerebral cortex that integrate simpler functions to perform more complex functions like learning, remembering, thinking, and speaking.

Human

A member of the species Homo sapiens, characterized by their ability to think critically, communicate through complex language, and create and manipulate the environment.

Chimpanzee

A species of great ape native to the forests and savannas of tropical Africa, known for their intelligence and complex social behaviors.