Refer to excercise 5, where the following data were used to investigate whether higher prices are generally
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Refer to excercise 5, where the following data were used to investigate whether higher prices are generally associated with higher ratings for elliptical trainers (Consumer Reports, February 2008).
With x = price ($) and y = rating, the estimated regression equation is Å· = 58.158 +. 008449 x. For these data, SSE = 173.88 and SST = 756. Does the evidence indicate a significant relationship between price and rating?
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Related Book For
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780840062383
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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