aveSubmt Assignment for Gra t Question 6 of 2 Check My Wor estions Exercise 14.3

Question

aveSubmt Assignment for Gra t Question 6 of 2 Check My Wor estions Exercise 14.31 0In exercise 20, data on x - weight (pounds) and y- price (5) for ten road-racing bikes prowided the estimated regression equation 28574 1439x (Bloycling o website, March 8, 2012). For these data SSE 7,102,922.54 and SST 52,120,800 Use the F test to determine whether the weight for a bike and the price are related at the .05 level of significance Click on the datafile logo to reference the data. DATAFile 0. 1. 12 13. 14. 15. Calculate the value of the test statistic (to 1 decimal). 146.8 Use Table 1 B. O The p-value is less than0 .Use Table 1 ofMppendix B. What is your conclusion? Conclude that weight and price are related. 16. Hide 118. Partially Correct 19, 851746336ipg RacingBicycles (1) xis

Explanation / Answer

here as we klnow that value of test statistic F =(SSR/1)/(SSE/(n-2)) ==(SST-SSE)/(SSE/(n-2))

=(52120800-7102922.54)/(-7102922.54/8)=50.7

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