Title: Use the information below to answer the following question(s). Cars.com would like to use simple ...
Post by: Heeey17 on Dec 30, 2021
Use the information below to answer the following question(s).
Cars.com would like to use simple regression to predict the selling price of a used car, in thousands of dollars, based on the age of the car in years. A random sample of used cars was selected and the result of the regression analysis is shown below.
Which one of the following statements is true using α = 0.05?
▸ Because the p-value for the slope is 0.0002, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0002, we fail to reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is no relationship between the age and selling price of a used car.
Cars.com would like to use simple regression to predict the selling price of a used car, in thousands of dollars, based on the age of the car in years. A random sample of used cars was selected and the result of the regression analysis is shown below.
Which one of the following statements is true using α = 0.05?
▸ Because the p-value for the slope is 0.0002, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0002, we fail to reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
▸ Because the p-value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is no relationship between the age and selling price of a used car.
Title: Use the information below to answer the following question(s). Cars.com would like to use simple ...
Post by: Butwhy on Dec 30, 2021
Content hidden