Use statistical tables where applicable and solve.Perform the F Test making sure to state the null and alternative hypothesis. Given an interpretation of the term “R-sq” and comment on its value. Beachcomber Ltd in a local car dealership that sells used and new vehicles. The manager of thecompany wants to know how different variables affect the sales of his vehicles. A random sample ofyearly data was taken with the view to testing the model:SALES=a+BAGE+YMIL+8ENGWhere SALES= amount that a vehicle is sold for($000's), AGE = age of the vehicle, MIL= the totalmileage of the vehicle at the point of sale and ENG = the size of the engine. The sample of data wasprocessed using MINITAB and the following is an extract of the output obtained:The regression equation is *****CoefStDevt-ratiop-valuePredictorConstan1.75860.25256.96480.0000tAGE0.21240.31750.5042MIL-0.75270.3586-2.0991**ENG4.8124***7.76640.0000Analysis of VarianceSourceDFMSRegressi3413.1291138.709****0.00on7Error50457.76072.2888Total53

Name: Use statistical tables where applicable and solve.Perform the F Test m
Uploaded: 2024-03-20T06:47:08.000Z
Channel: Bartleby
Description: Use statistical tables where applicable and solve.Perform the F Test making sure to state the null and alternative hypothesis. Given an interpretation of the term “R-sq” and comment on its value. Beachcomber Ltd in a local car dealership that sells u