Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Construct the ANOVA table and use it to test if there is a significant linear relationship between price and age. Use ? = 0.05. Conduct

Construct the ANOVA table and use it to test if there is a significant linear relationship between price and age. Use ? = 0.05. Conduct a lack of fit test at ? = 0.05 Note: Use the SSE computed by hand

.
image text in transcribed
G. [5.5 marks] TSS = 227992393.8 SSE = 54468588.3 SSR = TSS-SSE = 227992393.8 - 54468588.3 = [0.5) 173523805.5 Source di SS MS F Regression 1[0.5] 173523805.5 MSR =173523805.5/1 173523805.5/2866767.805 =173523805.5 [0.5) 60.5294 0.5 Error 19 54468588.3 MSE=2866767.805 Total 20 0.5] 227992393.8 [1] Ho: B1 = 0 H.: 1 # 0 Fo.05,1,19 = [114.38 [0.5) Since 60.5294 > 4.38, at a = 0.05, we have enough evidence to reject Ho, accept Ha, [0.5]and conclude that there is a significant linear relationship between price and fuel age

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Classical Mechanics

Authors: R Douglas Gregory

1st Edition

0511159242, 9780511159244

More Books

Students also viewed these Mathematics questions