The estimated regression equation for the relationship between the mileage and sales price of a Toyota Camry is given by:
y = 16.469 - 0.0587x
where "y" represents the sales price in thousands of dollars and "x" represents the mileage in thousands of miles . The slope of the estimated regression equation is -0.0587. Therefore, every additional 1,000 miles on the car's odometer will result in a **$58.70** decrease in the predicted price .