Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 12 Nov 2017 My Price 6.00

Saab prices.

32.     Used Saab prices. A linear model to predict the Price of a 2004 Saab 9-3 (in $) from its Mileage (in miles) was fit to 38 cars that were available during the week of January 11, 2008 (Kelly’s Blue Book, www.kbb.com). The model was:

Price = 24,356.15 - 0.0151 Mileage.

a)    What is the explanatory variable?

b)    What is the response variable?

c)    What does the slope mean in this context?

d)     What does the y-intercept mean in this context? Is it meaningful?

e)     What do you predict the price to be for a car with 100,000 miles on it?

f)    If the price for a car with 100,000 miles on it was

$24,000, what would the residual be?

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Nov 2017 06:11 PM My Price 6.00

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