Question: 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

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?

Brand and Model Precor 5.31 Keys Fitness CG2 Octane Fitness Q37e LifeFitness X1 Basic NordicTrack AudioStrider 990 Price (S) 3700 2500 2800 1900 1000 Rating 87 84 82 74 73 Vision Fitness X6100 1700 600 68

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Thus SSR SST SSE 756 17388 58212 s 2 MSE SSE n 2 173886 2898 8155000 Using t table ... View full answer

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