The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last...

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year.

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a.Determine the regression equation.(Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)

b.Estimate the selling price of an 14-year-old car (in $000).(Round your answer to 3 decimal places.)

c.Interpret the regression equation (in dollars).(Round your answer to the nearest dollar amount.)