Question: A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer

A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage Annual Maintenance (hours) Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 (a) Develop the estimated regression equation that could be used to predict the annual maintenance expense (in hundreds of dollars) given the weekly usage (in hours). (Round your numerical values to two decimal places.) y = 10.53 + 0.95x "b) Test the significance of the relationship in part (a) at a 0.05 level of significance. (Use the F test.) State the null and alternative hypotheses. O Ho: Po $ 0 Ha: Po = 0 O HO: $1 = 0 Ha : $ 1 = 0 OHo : P 1 0 Ha : $ 1 = 0 OH: Po = 0 Ha: Po # 0 OHo: B1 20 Ha : P 1 than the cost of the maintenance contract, the maintenance contract ---Select--- > advisable
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