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Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes. Brand Weight Price ($) A 17.8 2,100

Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes.

Brand Weight Price ($)
A 17.8 2,100
B 16.1 6,350
C 14.9 8,370
D 15.9 6,200
E 17.2 4,000
F 13.1 8,700
G 16.2 6,000
H 17.1 2,580
I 17.6 3,500
J 14.1 8,000

These data provided the estimated regression equation

= 28,692 1,445x.

For these data, SSE = 7,097,898.62 and SST = 52,461,800. Use the F test to determine whether the weight for a bike and the price are related at the 0.05 level of significance.State the null and alternative hypotheses.H0: 1 0 Ha: 1 = 0H0: 0 0 Ha: 0 = 0 H0: 1 = 0 Ha: 1 0H0: 1 0 Ha: 1 < 0H0: 0 = 0 Ha: 0 0Find the value of the test statistic. ?(Round your answer to two decimal places.)Find the p-value. ?(Round your answer to three decimal places.)p-value = State your conclusion.Do not reject H0. We cannot conclude that the relationship between weight (pounds) and price ($) is significant.Reject H0. We cannot conclude that the relationship between weight (pounds) and price ($) is significant. Reject H0. We conclude that the relationship between weight (pounds) and price ($) is significant.Do not reject H0. We conclude that the relationship between weight (pounds) and price ($) is significant.

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