Find the equation of the regression line


Classified ads in newspaper offered for sale several used cars of the same make and model. Listed below are the ages of cars and the advertised prices.

ages (yr) price advertised ($)
1 11,500 ; 9,995
2 9750
3 10,995 ; 9,250
4 7,250 ; 9,500
5 6,750 ; 6,500
6 7,750 ; 6,995
9 4,500 ; 5,000 ; 4,250
11 3,000 ; 1,750
13 1,750

Find the equation of the regression line.

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Basic Statistics: Find the equation of the regression line
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