Refer to the Buena School bus data. Develop a regression equation that expresses the relationship between age of the bus and maintenance. The age of the bus is the independent variable.
a. Draw a scatter diagram. What does this diagram suggest as to the relationship between the two variables? Is it direct or indirect? Does it appear to be strong or weak?
b. Develop a regression equation. How much does an additional year add to the maintenance cost? What is the estimated maintenance cost for a 10-year-old bus?
c. Conduct a test of hypothesis to determine whether the slope of the regression line is greater than zero. Use the .05 significance level. Interpret your findings from parts (a), (b), and (c) in a brief report.