You may need to use the appropriate technology to answer this question Consider the following data on x weight (pounds) and y price ($) for 10 road racing bikes Brand Weight Price ($) A 17 8 2,100 B 16 1 6,150 C 14 9 8,370 D 15 9 6,200 E 17 2 4,000 F 13 1 8,700 G 16 2 6,000 I 17 1 2,480 17 6 3,300 J 14 1 8,000 These data provided the estimated regression equation 28,974 1,465x For these data, SSE 6,977,510 40 and SST 53,650,800 Use the F test to determine whether the weight for a bike and the price are related at the 0 05 level of significance State the null and alternative hypotheses O Ho Po 0 H BOO HO B1 0 O Ho Po 0 0 OHO B 20 HP 0 Find the value of the test statistic (Round your answer to two decimal places ) Find the p value (Round your answer to three decimal places ) p value State your conclusion Reject Ho We cannot conclude that the relationship between weight (pounds) and price ($) is significant O Do not reject Ho We conclude that the relationship between weight (pounds) and price ($) is significant O Do not reject Ho We cannot conclude that the relationship between weight (pounds) and price ($) is significant Reject Ho We conclude that the relationship between weight (pounds) and price ($) is significant

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Question: You may need to use the appropriate technology to answer this question. Consider the following data on x = weight (pounds) and y =

You may need to use the appropriate technology to answer this question.

You may need to use the appropriate technology to answer this question. Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes. Brand Weight Price ($) A 17.8 2,100 B 16.1 6,150 C 14.9 8,370 D 15.9 6,200 E 17.2 4,000 F 13.1 8,700 G 16.2 6,000 - I 17.1 2,480 17.6 3,300 J 14.1 8,000 These data provided the estimated regression equation = 28,974 1,465x. For these data, SSE = 6,977,510.40 and SST = 53,650,800. Use the F test to determine whether the weight for a bike and the price are related at the 0.05 level of significance. State the null and alternative hypotheses. = O Ho Po=0 H BOO HO: B1 = 0 O Ho: Po +0 : = 0 OHO B 20 HP

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