The linear model to product the price of a used (in $) from Mileage (in miles) w
ID: 3153032 • Letter: T
Question
The linear model to product the price of a used (in $) from Mileage (in miles) was fit to 31 used cars that were available during the week of January 11, 2012 what is the explanatory variable? Mileage because the price of the car is used to product the mileage. Price because the price of the car is used to product the mileage. Mileage because the mileage of the car is used to product the price. Price because the because the mileage of the car is used to product the price. What is the response variable? Price because the price of the car in determined from the mileage. Mileage because the price of the car in determined from the mileage. Price because the price of the car in determined from the price. Mileage because the price of the car in determined from the price.Explanation / Answer
We know that in most of the cases the mileage of a car is used to determine its price.
Hence the explanatory variable is Mileage because it is used to predict the price of the car (C).
The response variable is Price because it is determined from the mileage (A).
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