In: Statistics and Probability
            An auto manufacturing company wanted to investigate how the
price of one of its car models...
                
            
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 An auto manufacturing company wanted to investigate how the
price of one of its car models depreciates with age. The research
department at the company took a sample of eight cars of this model
and collected the following information on the ages (in years) and
prices (in hundreds of dollars) of these cars. 
| Age | 
4 | 
4 | 
3 | 
2 | 
4 | 
2 | 
7 | 
5 | 
 
| Price | 
70 | 
62 | 
78 | 
75 | 
54 | 
72 | 
42 | 
44 | 
 
 
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 Find the least squares regression line equation in the form
y^=a+bx. Use "Age" as the independent variable and "Price" as the
dependent variable. 
Round your answers to four decimal places. 
y^=+()x 
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| 
 Predict the price of a 5 year-old car of this model. 
Round your answer to one decimal place. 
ypred= 
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