Answer to Question #181772 in Statistics and Probability for Muano Nevhudzholi

Question

Deliverables:

Powerpoint presentation (no more than 4 slides)
Excel Spreadsheet with data
PROJECT #3: MY RIDE

Select an automobile model and year (at least three years old) that is of interest to you – for example 2017 BMW 535xi. Now find at least 30 of these cars for sale (either from dealers or private owners) and record the odometer mileage (x) and asking price (y). As best you can, try to keep the cars a similar as possible. For example, ignore the car’s color, but do not mix 4-cylinder and 6-cylinder cares or manual and automatic transmissions. Estimate the regression equation and summarize your results.

Answer 1

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