Auto Batteries. In October 2002, Consumer Reports listed the price (in dollars) and power (in cold cranking
Question:
Auto Batteries. In October 2002, Consumer Reports listed the price (in dollars) and power (in cold cranking amps) of auto batteries. We want to know if more expensive batteries are generally better in terms of starting power. Here are the regression and residual output, where the response variable is Power.
a) How many batteries were tested?
b) Are the conditions for inference satisfied? Explain.
c) Is there evidence of a linear association between the price and cranking power of auto batteries? Test an appropriate hypothesis and state your conclusion.
d) Is the association strong? Explain.
e) What is the equation of the regression line?
f) Create a 90% confidence interval for the slope of the true line.
g) Interpret your interval in this context.
Step by Step Answer:
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe