A dealership tracks the correlation between the age of its used cars and asking price for the car. The regression line is y = 12,338 – 930x, where x is the age of the car, in years.

Which statements are true regarding this model? Check all that apply.

For every one year in age, the price is predicted to increase by $930.
For every one year in age, the price is predicted to decrease by $930.
If the car is new, the car is predicted to cost $12,338.
If the age of the car is 1 year, the price is predicted to be $12,338.



Answer :