Question
A magazine devoted to cycling, reviews hundreds of bicycles throughout the year. Its Road-Race category contains reviews of bicycles used by riders primarily interested in
A magazine devoted to cycling, reviews hundreds of bicycles throughout the year. Its Road-Race category contains reviews of bicycles used by riders primarily interested in racing. One of the most important factors in selecting a bicycle for racing is its weight. The following data show the weight (pounds) and price ($) for 10 racing bicycles reviewed by the magazine.
Model | Weight (lb) | Price ($) |
---|---|---|
Model 1 | 18.0 | 2,100 |
Model 2 | 16.2 | 6,250 |
Model 3 | 15.1 | 8,570 |
Model 4 | 16.0 | 6,200 |
Model 5 | 17.4 | 4,200 |
Model 6 | 13.2 | 8,600 |
Model 7 | 16.4 | 6,000 |
Model 8 | 17.2 | 2,780 |
Model 9 | 17.6 | 3,600 |
Model 10 | 14.2 | 8,000 |
regression equation: y= 28250.78-1402.40x
Test whether the regression parameter0is equal to zero at a 0.05 level of significance.Find thep-value. (Round your answer to four decimal places.)
p-value =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started