The data in the file UsedHondaCivics come from a sample of used Honda Civics listed for sale online in July 2006. The variables recorded are the car’s age (calculated as 2006 minus year of manufacture) and price. Consider conducting a simulation analysis to test whether the sample data provide strong evidence of an association between a car’s price and age in the population in terms of the population slope.

a. State the appropriate null and alternative hypotheses.

b. Conduct a simulation analysis with 1,000 repetitions. Describe how to find your p-value from your simulation results and report this p-value.

c. Summarize your conclusion from this simulation analysis. Also describe the reasoning process by which your conclusion follows from your simulation results.