An issue of Popular Mechanics gives specifications and dimensions for various jet boats. The following table summarizes some of this information.

Using the Excel output at the bottom of the page:
Using the Excel output at the bottom of the page:
a. Determine the equation for the line of best fit.
b. Verify the calculation of (t Stat) for engine horsepower.
c. Determine whether horsepower is an effective predictor of base price.
d. Verify the 95% confidence interval for b1.

Transcribed Image Text:

Base Price ine Horsepower 120 Boston Whaler Rage 15 Dynasty Jet Storm Four Winds Fling 160 Sea Ray Sea Rayder uirt Suga Sand Mirage 120