Question: The following output was generated using statistical software. Coefficients Standard Error t Stat P-value Intercept 50.65625 1.891010513 26.79 0.13529 Speed -0.353125 0.036201476 -9.754 0.00019 List

The following output was generated using statistical software.

Coefficients

Standard Error

t Stat

P-value

Intercept

50.65625

1.891010513

26.79

0.13529

Speed

-0.353125

0.036201476

-9.754

0.00019

List the prediction equation for gas mileage based on speed.

What gas mileage is expected for a vehicle traveling 80 mph?

Is speed a good predictor of gas mileage based on the output? Explain your answer.

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