Car Purchasing Data Analysis For this exam, you will be buil…
Car Purchasing Data Analysis For this exam, you will be building a model to predict car purchase prices (Car.Purchase.Amount) that are sold in different countries of Mexico, Canada, and USA. The “Car_Purchasing_Data.csv” data set consists of the following variables: Country: country in which the car is sold (3-letter identifier) Gender: gender of the buyer (0=female, 1=male) Age: age of the buyer (years) Annual.Salary: annual salary earned of the buyer ($ USD) Credit.Card.Debt: amount of reported credit debt owed by buyer ($ USD) Net.Worth: amount of reported assets of buyer ($ USD) Car.Purchase.Amount: amount the car was purchased for by buyer ($ USD) Read the data and answer the questions below. Assume a significance threshold of 0.05 for hypothesis tests unless stated otherwise. # Read the data setbuyers = read.csv(‘Car_Purchasing_Data.csv’, header=TRUE)#Set Gender & Country as a categorical variablebuyers$Gender