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An auto manufacturing company wanted to investigate how the price of one of its car models...

An auto manufacturing company wanted to investigate how the price of one of its car models depreciates with age. The research department at the company took a sample of eight cars of this model and collected the following information on the ages (in years) and prices (in hundreds of dollars) of these cars.

Age

8

3

6

9

2

5

6

3

Price

19

95

51

21

146

41

36

100

Calculate the standard deviation of errors.

Round your answer to four decimal places.

The standard deviation of errors is about Enter your answer in accordance to the question statement

Math   Statistics-And-Probability   
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Answer #1

The statistical software output for this problem is:

Hence,

Standard deviation of errors = 19.0500

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