Using Advertised Prices for Used Ford Escorts a Linear Model

question 22

Multiple Choice

Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found.The regression has an
= 87.7%.Write a sentence summarizing what
Says about this regression.

• A)The age of the car explains 87.7% of the variation in price.
• B)The price of the car explains 87.7% of the variation in age.
• C)The age of the car explains 12.3% of the variation in price.
• D)The age of the car explains 9.36% of the variation in price.
• E)The price of the car explains 12.3% of the variation in age.

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