A dealership analyzed the relationship between the age of a…

A dealership analyzed the relationship between the age of a car and its resale value (in thousands of dollars).Regression Equation: ŷ = 24.8 − 1.65xCorrelation Coefficient: r = -0.96Where:   x = age of car (years)   y = resale value (in thousands of dollars)Interpret the slope in context.Interpret the correlation coefficient. Include direction and strength.Predict the resale value of a 7-year-old car.Would it be reasonable to use this model to predict the value of a 25-year-old car? Explain.