The Relationship Between the Selling Price (In Dollars)of Used Ford $\hat{\text { price }} = 14,210 - 1348$

question 4

Multiple Choice

The relationship between the selling price (in dollars) of used Ford Escorts and their age (in years) is analyzed.A regression analysis to predict the price from the age gives the model $\hat{\text { price }} = 14,210 - 1348$ age.You want to sell a 17-year-old Escort.Use the model to determine an appropriate price.Explain any problems.

• A)-$22,916 You won't sell a car for a negative amount.The model doesn't give meaningful prices for Escorts this old.
• B)$11 The car should be worth more than this.
• C)-$37,126 There are no problems with this prediction.
• D)$22,916 There is no way the car is worth this much.
• E)-$8706 You won't sell a car for a negative amount.The model doesn't give meaningful prices for Escorts this old.

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