Consider the following data on x - weight (pounds) and y - price ($) for 10 road-racing bikes. Brand Weight Price ($) A 17.8 2,100 16.1 6,250 14.9 8,370 15.9 6,200 17.2 4,000 F 13.1 8,700 16.2 6,000 17.1 2,680 17.6 3,400 14.1 8,000 These data provided the estimated regression equation ý = 28,727 - 1,447x. For these data, SSE = 6,615,389.88 and SST = 52,152,800. Use the Ftest to determine whether the weight for a bike and the price are related at the 0.05 level of significance. State the null and alternative hypotheses. O H: .0 O Hgi Bo -0 O Hg: P -0 O Hg: P-0 O Hạ: P 20 Find the value of the test statistic. (Round your answer to two decimal places.) Find the prvalue. (Round your answer to three decimal places.) p-value - State your conclusion. O Do not reject H. We cannot conclude that the relationship between weight (pounds) and price ($) is significant. O Reject Hg. We conclude that the relationship between weight (pounds) and price ($) is significant. O Do not reject H. We conclude that the relationship between weight (pounds) and price ($) is significant. O Reject H. We cannot conclude that the relationship between weight (pounds) and price ($) is significant.
Consider the following data on x - weight (pounds) and y - price ($) for 10 road-racing bikes. Brand Weight Price ($) A 17.8 2,100 16.1 6,250 14.9 8,370 15.9 6,200 17.2 4,000 F 13.1 8,700 16.2 6,000 17.1 2,680 17.6 3,400 14.1 8,000 These data provided the estimated regression equation ý = 28,727 - 1,447x. For these data, SSE = 6,615,389.88 and SST = 52,152,800. Use the Ftest to determine whether the weight for a bike and the price are related at the 0.05 level of significance. State the null and alternative hypotheses. O H: .0 O Hgi Bo -0 O Hg: P -0 O Hg: P-0 O Hạ: P 20 Find the value of the test statistic. (Round your answer to two decimal places.) Find the prvalue. (Round your answer to three decimal places.) p-value - State your conclusion. O Do not reject H. We cannot conclude that the relationship between weight (pounds) and price ($) is significant. O Reject Hg. We conclude that the relationship between weight (pounds) and price ($) is significant. O Do not reject H. We conclude that the relationship between weight (pounds) and price ($) is significant. O Reject H. We cannot conclude that the relationship between weight (pounds) and price ($) is significant.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Thank you for the help!
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman