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3. Using Model G, describe the relationship between Mileage and price, where MileageSq = Mileage². Sketch a picture which includes the turn around point of the quadratic relationship. When a cars

mileage increases from 10,000 to 11,000, what do you expect to happen to the price? When a cars mileage increases from 40,000 to 41,000, what do you expect to happen to the price? MODEL G: Call: Im(formula = Price ~ Mileage + MileageSq, data = dat) Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 26.749296 1.397340 19.143 < 2e-16 *** Mileage 0.141368 -2.997 0.00281 ** 0.003497 1.861 0.06309 -0.423703 0.006509 MileageSq signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 ‘.³ 0.1 1

Fig: 1