Would you expect more reliable and better performing cars to cost more? Consumer Reports provided reliability ratings,
Question:
a. Develop an estimated regression equation that can be used to predict the price of the car given the reliability rating. Test for significance using α = .05.
b. Consider the addition of the independent variable overall road-test score. Develop the estimated regression equation that can be used to predict the price of the car given the road-test score and the reliability rating.
c. Estimate the price for a car with a road-test score of 80 and a reliability rating of 4.
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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