please answer question 86 89 a least squares regression was used to estimate the relationship be

a. The value 16,958 is the estimated intercept of the regression model, which represents the est

Question

8.9 A least squares regression was used to estimate the relationship between the dollar price P of 45 used 2001 Audi A4 2.8L sedans with manual transmission and the number of miles M the car had been driven: The standard errors are in parentheses. a. Does the value 16,958 seem reasonable? b. Does the value 0.0677 seem reasonable? c. Does the value 0.70 seem reasonable? d. Is the estimated relationship between M and P statistically significant at the 5 percent level? e. Should the variables be reversed, with M on the left-hand side and P on the right-hand side? Why or why not?

          8.9 A least squares regression was used to estimate the relationship between the dollar price P of 45 used 2001 Audi A4 2.8L sedans with manual transmission and the number of miles M the car had been driven: 
The standard errors are in parentheses. a. Does the value 16,958 seem reasonable? b. Does the value 0.0677 seem reasonable? c. Does the value 0.70 seem reasonable? d. Is the estimated relationship between M and P statistically significant at the 5 percent level? e. Should the variables be reversed, with M on the left-hand side and P on the right-hand side? Why or why not?

Added by Joshua C.

Question

Please give Ace some feedback