Question
Suppose the following table was generated from the sample data of 2020 NASCAR drivers regarding their yearly earnings, number of years on the circuit, and
Suppose the following table was generated from the sample data of 2020 NASCAR drivers regarding their yearly earnings, number of years on the circuit, and whether or not their car is a Chevrolet. Using statistical software, indicator (dummy) variable for the variable "Chevrolet" and find the regression equation. Is there enough evidence to support the claim that on average drivers of Chevrolets earn more than drivers of other types of cars at the 0.050.05 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
Copy Data
Earnings | Years | Chevrolet |
---|---|---|
652099.77 | 19 | No |
615328.39 | 19 | No |
479385.75 | 9 | No |
500000.00 | 10 | Yes |
690542.56 | 19 | No |
619228.39 | 16 | No |
500000.00 | 10 | No |
594851.59 | 14 | Yes |
572304.90 | 14 | Yes |
592485.57 | 16 | No |
593599.86 | 18 | No |
459328.63 | 7 | No |
433142.96 | 6 | No |
317682.81 | 3 | Yes |
525073.47 | 11 | Yes |
664629.70 | 17 | Yes |
559865.34 | 14 | Yes |
559282.24 | 15 | Yes |
576192.26 | 14 | Yes |
515743.81 | 11 | Yes |
Answer
Selecting a radio button will replace the entered answer value(s) with the radio button value. If the radio button is not selected, the entered answer is used.
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