The Tire Rack, Americas leading online distributor of tires and wheels, conducts extensive testing to provide customers

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The Tire Rack, America€™s leading online distributor of tires and wheels, conducts extensive testing to provide customers with products that are right for their vehicle, driving style, and driving conditions. In addition, the Tire Rack maintains an independent consumer survey to help drivers help each other by sharing their long-term tire experiences. The following data show survey ratings (1 to 10 scale with 10 the highest rating) for 18 maximum performance summer tires (Tire Rack website, February 3, 2009). The variable Steering rates the tire€™s steering responsiveness, TreadWear rates quickness of wear based on the driver€™s expectations, and Buy Again rates the driver€™s overall tire satisfaction and desire to purchase the same tire again.

The Tire Rack, America€™s leading online distributor of tires and

a. Develop an estimated regression equation that can be used to predict the Buy Again rating given based on the Steering rating. At the .05 level of significance, test for a significant relationship.
b. Did the estimated regression equation developed in part (a) provide a good fit to the data? Explain.
c. Develop an estimated regression equation that can be used to predict the Buy Again rating given the Steering rating and the TreadWear rating.
d. Is the addition of the TreadWear independent variable significant? Use α =.05.

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Related Book For  book-img-for-question

Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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