Estimate the number of cars that will retired from service

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Reference no: EM131409308

The following data represent y = the number of passenger cars retired from service and x = the number of new passenger cars registered during the years 1991-1995.

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a. Determine the least-squares regression line and interpret its slope.

b. Estimate, for a year in which million new passenger cars are registered, the number of cars that will be retired from service.

c. Estimate, for a year in which 9.0 million new passenger cars are registered, the number of cars that will be retired from service.

Reference no: EM131409308

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