Using Advertised Prices for Used Ford Escorts a Linear Model $\mathrm { R } ^ { 2 }$

question 17

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 $\mathrm { R } ^ { 2 }$ = 87.7%.Write a sentence summarizing what $\mathrm { R } ^ { 2 }$ 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.

---

Definitions:

Federal Lands

These are lands owned by the federal government of a country, often used for various purposes such as parks, reserves, or military bases.

Western Timber

Refers to the forests and lumber resources found in the western region of the United States, crucial for the country’s construction and paper industries.

California Gold Rush

A period of rapid migration to California following the discovery of gold in 1848, significantly impacting the state's demographics and economy.

Timothy Flint

An American author and missionary (1780–1840), known for his works on the American frontier and his contributions to Western literature.