Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found.The regression has an $\mathrm { R } ^ { 2 }$ = 88.2%.Describe the relationship
A)Positive,strong linear relationship.As the age increases the price goes up.
B)Negative,weak linear relationship.As the age decreases the price goes down.
C)Positive,weak linear relationship.As the age increases the price goes down.
D)Negative,strong linear relationship.As the age increases the price goes down.
E)Negative,strong linear relationship.As the age increases the price stays the same.

Question

Quizplus · Accepted Answer

The high $\mathrm { R } ^ { 2 }$ value (88.2%) indicates a strong linear relationship, and typically, as cars age, their value decreases, indicating a negative relationship.

Using Advertised Prices for Used Ford Escorts a Linear Model R2\mathrm { R } ^ { 2 }R2

Using Advertised Prices for Used Ford Escorts a Linear Model $\mathrm { R } ^ { 2 }$