Consumer Reports listed the price (in dollars) and power (in cold cranking amps) of auto batteries. We
Question:
Consumer Reports listed the price (in dollars) and power (in cold cranking amps) of auto batteries. We want to know if more expensive batteries are generally better in terms of starting power. Here are the regression and residual output, where the response variable is Power.
a) How many batteries were tested?
b) Are the conditions for inference satisfied? Explain.
c) Is there evidence of a linear association between the price and cranking power of auto batteries? Test an appropriate hypothesis and state your conclusion.
d) Is the association strong? Explain.
e) What is the equation of the regression line?
f) Create a 90% confidence interval for the slope of the true line.
Step by Step Answer:
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman