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An auto manufacturing company wanted to investigate how the price of one of its car models...

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

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

Predict the price of a 5 year-old car of this model.

Round your answer to one decimal place.

ypred=

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