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Dataset Available: Download Racing Bicycles.xlsx You may need to use the appropriate technology to answer this question. Consider the following data on x =
Dataset Available: Download Racing Bicycles.xlsx You may need to use the appropriate technology to answer this question. Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes. Brand Weight Price ($) FELT F5 17.8 2,100 PINARELLO Paris 16.1 6,250 ORBEA Orca GDR 14.9 8,370 EDDY MERCKX EMX-7 15.9 6,200 BH RC1 Ultegra 17.2 4,000 BH Ultralight 386 13.1 8,600 CERVELO S5 Team 16.2 6,000 GIANT TCR Advanced 2 17.1 2,580 WILIER TRIESTINA Gran Turismo 17.6 3,400 SPECIALIZED S-works Amira SL4 14.1 8,000 These data provided the estimated regression equation = 28,574 1,439x. + For these data, SSE = 7,102,922.54 and SST = 52,120,800. 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. OHO: B = 0 Ha: B = 0 : : # 0 = 0 O Ho: B1 0 Ha B1
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