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Following are age and price data for 8 randomly selected ambulances between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds of dollars. Use the information to do parts (a) through (c) 2 4 250 420 265 350 260 360 310 305 2x-32. Zy-2520. Xxy-9255, andx2 a. Compute SST, SSR, and SSE, using the formulas, SST- Sw. SSR- and SSE> SW-y yy S SST= | | (Round to two decimal places as needed.)Following are age and price data for 8 randomly selected ambulances between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds o dollars. Use the information to do parts (a) through (c) 6 2 6 2 4 y 280 420 245 360 255 365 335 295 2x-32, 2y-2555, xy 9365, and2x2 158 xy a. Compute SST, SSR, and SSE, using the formulas, SST-Sv.SSRS and SSE S.- Xy SST= 25,921.88 (Round to two decimal places as needed.) SSR 24,367.5 (Round to two decimal places as needed.) SSE1554.38 (Round to two decimal places as needed.) b. Compute the coefficient of determination, r 2 - 0.9400 (Round to four decimal places as needed.) C. Determine the percentage of variation in the observed values of the response variable explained by the regression, and interpret your answer 94.00 % (Round to two decimal places as needed.)

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