Question: Suppose the following table was generated from the sample data of 20 NASCAR drivers regarding their yearly earnings, number of years on the circuit,

NASCAR drivers regarding their yearly earnings, number of years on the circuit,

and whether or not their car is a Ford. Using statistical software,

create an indicator (dummy) variable for the variable "Ford" and find the

regression equation. Is there enough evidence to support the claim that on

average drivers of Fords earn more than drivers of other types of

cars at the 0.01 level of significance? If yes, write the coefficient

of the dummy variable in the space provided, rounded to two decimal

Suppose the following table was generated from the sample data of 20 NASCAR drivers regarding their yearly earnings, number of years on the circuit, and whether or not their car is a Ford. Using statistical software, create an indicator (dummy) variable for the variable "Ford" and find the regression equation. Is there enough evidence to support the claim that on average drivers of Fords earn more than drivers of other types of cars at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence." Yearly Earnings of NASCAR drivers Earnings Years Ford 597405.66 14. Yes 652826.12 17 Yes 525401.05 11 2 Yes 296286.48 607990.47 17 No No 409667.18 4 No 479427.25 9 Yes Copy Data

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