The Toyota Camry is one of the best-selling cars in NorthAmerica. The cost of a previously owned Camry depends on manyfactors, including the model year, mileage, and condition. Toinvestigate the relationship between the car’s mileage and thesales price for Camrys, the following data show the mileage andsale price for 19 sales (PriceHub web site, February 24, 2012).

	Miles(1,000s)	Price($1,000s)
	22		16.2
	29		16.0
	36		13.8
	47		11.5
	63		12.5
	77		12.9
	73		11.2
	87		13.0
	92		11.8
	101		10.8
	110		8.3
	28		12.5
	59		11.1
	68		15.0
	68		12.2
	91		13.0
	42		15.6
	65		12.7
	110		8.3

(d)	How much of the variation in thesample values of price does the model estimated in part (b)explain?
	If required, round your answer totwo decimal places.
	%
(e)	For the model estimated in part(b), calculate the predicted price and residual for each automobilein the data. Identify the two automobiles that were the biggestbargains.
	If required, round your answer tothe nearest whole number.
	The best bargain is the Camry # in the data set, whichhas  miles, and sells for $ less than its predictedprice. The second best bargain is the Camry # in the data set, whichhas  miles, and sells for $ less than its predictedprice.
(f)	Suppose that you are consideringpurchasing a previously owned Camry that has been driven 30,000miles. Use the estimated regression equation developed in part (b)to predict the price for this car.
	If required, round your answer toone decimal place. Do not round intermediate calculations.
	Predicted price: $
	Is this the price you would offerthe seller?
	- Select answer -Yes orNo?
	Explain.