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Business, 09.11.2019 01:31 johncruzguerrero70

Gcars depreciate over time. the data was collected on the asking prices (in thousands ofdollars) of a certain type of car listed for sale by individuals in a newspaper and the age of the vehicle (in years). using the information from the previous question, choose the best alternative that answers the questions: i. the log equation implies that price changes more rapidly among newer used cars, then slows as cars age. ii. the logarithmic regression has a larger r2 and a smaller se of the regression line. the log equation is a better fit because implies less unexplained variation. iii. the log equation implies that price changes more rapidly among older used cars, and remains nearly static among newer used cars. iv. except for the log transformation, none of the transformations were able to reduce the standard error of the regression line.(a) i, ii and iv are true(b) only i and iv are true(c) all are true(d) all are false

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