Automobiles. An editor for a major automobile magazine has collected data on the best-selling cars in the

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Automobiles. An editor for a major automobile magazine has collected data on the best-selling cars in the United States. He is interested to know about the relationship between highway mileage and weight of the vehicles.

Here are the regression and residual output, where the response variable is Mileage.

Dependent variable is: Mileage R-squared = 54.6%

s = 2.86 with 30 - 2 = 28 degrees of freedom Variable Coefficients Error t-stat P-value Intercept 46.3298 3.7390 12.3909 6.97E-13 Weight -0.0060 0.0010 -5.8063 3.09E-06image text in transcribed

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a) How many automobiles were tested?

b) Are the conditions for inference satisfied? Explain.

c) Is there evidence of a linear association between the highway mileage and the weight of the vehicles? 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 95% confidence interval for the slope of the true line.
g) Interpret your interval in this context.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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