The Cadet is a popular model of sport utility vehicle, known for its relatively high resale value. For a random sample of 33 Cadets, each bought "new" two years ago and each sold "used" within the past month, the least-squares regression equation relating the two variables mileage (denoted by xr) and used selling price (denoted by y, in dollars) was information, test for a significant linear relationship between the two variables by doing a hypothesis test regarding the population slope B, (Assume that the 39.52-0.56x. The standard error of the slope of this least-squares regression line was approximately 0.43. Based on this variable y follows a normal distribution for each value of x and that the other regression assumptions are satisfied.) Use the 0.10 level of significance, and perform a two-tailed test. Then fill in the table below. 图 (If necessary, consult a list of formulas.) The null hypothesis: H : 0 The alternative hypothesis: H :0 OSO The type of test statistic: (Choose one) - The value of the test statistic: (Round to at least three decimal places.) The p-yalue: (Round to at least three decimal places.) 口口 ? 日 B.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
![The Cadet is a popular model of sport utility vehicle, known for its relatively high resale value. For a random sample of 33 Cadets, each bought "new" two years
ago and each sold "used" within the past month, the least-squares regression equation relating the two variables mileage (denoted by x) and used selling price
(denoted by y, in dollars) was y = 39.52 – 0.56x . The standard error of the slope of this least-squares regression line was approximately 0.43. Based on this
information, test for a significant linear relationship between the two variables by doing a hypothesis test regarding the population slope B,. (Assume that the
variable y follows a normal distribution for each value of x and that the other regression assumptions are satisfied.) Use the 0.10 level of significance, and
perform a two-tailed test. Then fill in the table below.
(If necessary, consult a list of formulas.)
Aa
The null hypothesis:
H : 0
The alternative hypothesis:
H :]
O=0
OSO
The type of test statistic:
(Choose one) v
O<O
The value of the test statistic:
(Round to at least three
decimal places.)
The p-value:
(Round to at least three
decimal places.)
Check](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78a4a21f-8b7f-4b93-abae-2276c17b7e90%2Fe0ccad8e-670e-4809-8a67-6371678a0f87%2Fszsemy7_processed.jpeg&w=3840&q=75)

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