J 2 Consider the following data on x weight (pounds) and y price ($) for 10 road-racing bikesWeightPrice (5)17.8BrandABCDEFGH13ON ₁0M₂0OH ₁20H₂ P₁001640H₂A₁DⒸH₂ POHoo-o16.114,915.917.213.116.217.117.614.12,1006,2508,3706,2004,00081,6006,000These data provided the estimated regression equation 9-28,503-1,434x. For these data, SSE-6,833,947.38 and SST-51,535,800. Use the F test to determine whether the weight for a bikeand the price are related at the 0.05 level of significance.3,400State the null and alternative hypotheses.78100HO8,000 Find the value of the test statistic. (Round your answer to two decimal places.)Find the p-value. (Round your answer to three decimal places.)p-value=State your conclusion.Reject Ho. We conclude that the relationship between weight (pounds) and price ($) is significant.Do not reject Ho. We cannot conclude that the relationship between weight (pounds) and price ($) is significant..Do not reject Ho. We conclude that the relationship between weight (pounds) and price ($) is significant.Reject Ho. We cannot conclude that the relationship between weight (pounds) and price ($) is significant.

Solution: Given information: n= 10 observation k= 1 independent variable SSE= 6833947.38 Sum of…

Answered: Brand A D C --0 P G H 1 3 10. 0140…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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J 2

Transcribed Image Text:Consider the following data on x weight (pounds) and y price ($) for 10 road-racing bikes Weight Price (5) 17.8 Brand A B C D E F G H 1 3 ON ₁0 M₂0 OH ₁20 H₂ P₁0 01640 H₂A₁D ⒸH₂ PO Hoo-o 16.1 14,9 15.9 17.2 13.1 16.2 17.1 17.6 14.1 2,100 6,250 8,370 6,200 4,000 81,600 6,000 These data provided the estimated regression equation 9-28,503-1,434x. For these data, SSE-6,833,947.38 and SST-51,535,800. Use the F test to determine whether the weight for a bike and the price are related at the 0.05 level of significance. 3,400 State the null and alternative hypotheses. 78100 HO 8,000