A business student needs cash, so he decides to sell his car. The car is a valuable BMW 850CSi that was only made over the course of a few years in the 1990s. He would like to sell it on his own, rather than through a dealer so he’d like to predict the price he’ll get for his car’s model year.,a) Make a scatterplot for the data on used BMW 850SCi’s provided.,b) Describe the association between year and price.,c) Do you think a linear model is appropriate?,d) Computer software says that R2 = 57.3%. What is the correlation between year and price? ,e) Explain the meaning of R2 in this context.,f) Why doesn’t this model explain 100% of the variability in the price of a used BMW 850CSi?

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