Refer to excercise 5, where the following data were used to investigate whether higher prices are generally

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Refer to excercise 5, where the following data were used to investigate whether higher prices are generally associated with higher ratings for elliptical trainers (Consumer Reports, February 2008).

Refer to excercise 5, where the following data were used

With x = price ($) and y = rating, the estimated regression equation is Å· = 58.158 +. 008449 x. For these data, SSE = 173.88 and SST = 756. Does the evidence indicate a significant relationship between price and rating?

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Essentials Of Modern Business Statistics With Microsoft Excel

ISBN: 9780840062383

5th Edition

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

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