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Example 162 & 163
Lecture Examples
Example 162: Find the least squares prediction line for the following pre-owned Corvette data
Age |
6 |
6 |
5 |
2 |
2 |
5 |
4 |
5 |
1 |
4 |
Price |
27000 |
26000 |
27500 |
40500 |
36400 |
29500 |
33500 |
30800 |
40500 |
30500 |
Example 163: What would the average price be for a Corvette that was three years old?