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State the null and alternative hypotheses. H: = 0 O Hạ: B, = 0 H: Bo = 0 O Ho: Po =0 H: Bo =0 O Họ: B1 20 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. O Do not reject H. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Do not reject Hp. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. (d) If the maintenance contract costs $3,500 per year, would you recommend purchasing it? Why or why not? (Round your answer to two decimal places.) The expected expense of a machine being used 33 hours per week is $ hundred. Since this expected expense is -Select- than the cost of the maintenance contract, the maintenance contract -Select-- advisable.

State the null and alternative hypotheses. H: = 0 O Hạ: B, = 0 H: Bo = 0 O Ho: Po =0 H: Bo =0 O Họ: B1 20 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. O Do not reject H. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Do not reject Hp. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. (d) If the maintenance contract costs $3,500 per year, would you recommend purchasing it? Why or why not? (Round your answer to two decimal places.) The expected expense of a machine being used 33 hours per week is $ hundred. Since this expected expense is -Select- than the cost of the maintenance contract, the maintenance contract -Select-- advisable.

MATLAB: An Introduction with Applications
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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(b) Test the significance of the relationship in part (a) at a 0.05 level of significance. (Use the F test.) State the null and alternative hypotheses. O Ho: B1 + 0 H: B, = 0 O Ho: B, = 0 H: B, 0 O Ho: Bo *0 H3: Bo = 0 O Ho: Bo = 0 H3: Bo 0 O Ho: B1 2 0 H: B, < 0 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. O Do not reject Ho. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H.. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H.. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Do not reject Ho. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. (d) If the maintenance contract costs $3,500 per year, would you recommend purchasing it? Why or why not? (Round your answer to two decimal places.) The expected expense of a machine being used 33 hours per week is $ hundred. Since this expected expense is --Select--- v than the cost of the maintenance contract, the maintenance contract --Select-- v advisable.
Transcribed Image Text:(b) Test the significance of the relationship in part (a) at a 0.05 level of significance. (Use the F test.) State the null and alternative hypotheses. O Ho: B1 + 0 H: B, = 0 O Ho: B, = 0 H: B, 0 O Ho: Bo *0 H3: Bo = 0 O Ho: Bo = 0 H3: Bo 0 O Ho: B1 2 0 H: B, < 0 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. O Do not reject Ho. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H.. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Reject H.. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. O Do not reject Ho. We cannot conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. (d) If the maintenance contract costs $3,500 per year, would you recommend purchasing it? Why or why not? (Round your answer to two decimal places.) The expected expense of a machine being used 33 hours per week is $ hundred. Since this expected expense is --Select--- v than the cost of the maintenance contract, the maintenance contract --Select-- v advisable.
A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 (a) Develop the estimated regression equation that could be used to predict the annual maintenance expense (in hundreds of dollars) given the weekly usage (in hours). (Round your numerical values to two decimal places.)
Transcribed Image Text:A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 (a) Develop the estimated regression equation that could be used to predict the annual maintenance expense (in hundreds of dollars) given the weekly usage (in hours). (Round your numerical values to two decimal places.)
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