Brand A D C --0 P G H 1 3 10. 0140 H₂A₁D data on Weight H₂O ONA 20 H₂ P₁ <0 H₁₁0 16.1 14.9 15.9 6.200 17.2 4,000 13.1 8,600 16.2 weight (pounds) and y- price ($) for 10 road-racing bikes Price (5) 2,100 6,250 8,370 17.1 17.6 14.1 6,000 nese data provided the estimated regression equation 9-28,503-1,434x. For these data, 55E-6,833,947.38 and 55T-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. ate the null and alternative hypotheses 83420 2,600 3,400 8,000

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Chapter1: Starting With Matlab
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J 2
Consider the following data on x weight (pounds) and y price ($) for 10 road-racing bikes
Weight
Price (5)
17.8
Brand
A
B
C
D
E
F
G
H
1
3
ON ₁0
M₂0
OH ₁20
H₂ P₁0
01640
H₂A₁D
ⒸH₂ PO
Hoo-o
16.1
14,9
15.9
17.2
13.1
16.2
17.1
17.6
14.1
2,100
6,250
8,370
6,200
4,000
81,600
6,000
These data provided the estimated regression equation 9-28,503-1,434x. For these data, SSE-6,833,947.38 and SST-51,535,800. Use the F test to determine whether the weight for a bike
and the price are related at the 0.05 level of significance.
3,400
State the null and alternative hypotheses.
78100
HO
8,000
Transcribed Image Text:Consider the following data on x weight (pounds) and y price ($) 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
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.
Transcribed Image Text: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.
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