Outside Magazine tested 10 different models of day hikers and backpacking boots. The following data show the

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Outside Magazine tested 10 different models of day hikers and backpacking boots. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper support and a rating of 5 denoting excellent upper support (Outside Magazine Buyer's Guide, 2001).
Outside Magazine tested 10 different models of day hikers and

a. Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating.
b. At the .05 level of significance, determine whether upper support and price are related.
c. Would you feel comfortable using the estimated regression equation developed in part (a) to estimate the price for a day hiker or backpacking boot given the upper support rating?
d. Estimate the price for a day hiker with an upper support rating of 4.

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Statistics For Business And Economics

ISBN: 9780538481649

11th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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