The Honda Accord was named the best midsized car for resale value for by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of Honda Accords. Click on the datafile logo to reference the data. The estimated regression equation is Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of miles.

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The Honda Accord was named the best midsized car for resale value for by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. The estimated regression equation is Selling price = 20385.25049 - 0.03739 Mileage - 686.33668 age. Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of 40,000 miles.

answer :  ≈ $16144

Step-by-step explanation:

Determine the selling price of a four-year-old Honda Accord with mileage of 40,000 miles.

Given data :

Age= 4 year, Mileage=40,000 miles

Hence the selling price

= 20385.25049 - 0.03739 Mileage - 686.33668 age

=  20385.25049 - 0.03739(40,000)  - 686.33668 ( 4 )

= $16144.32

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