Question

In: Statistics and Probability

The following data on price ($) and the overall score for 6 stereo headphones that were...

The following data on price ($) and the overall score for 6 stereo headphones that were tested by Consumer Reports were as follows.

Brand Price ($) Score
Bose 186 78
Scullcandy 162 78
Koss 90 60
Phillips/O'Neill 78 54
Denon 72 42
JVC 36 30

a. Does the t test indicate a significant relationship between price and the overall score?

The test t-Conclusion at = .05

t = (to 2 decimal places.)


p-value is - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .1greater than .1Item 2

What is your conclusion? Use = .05.
- Select your answer -There is a significant relationship between price and overall score There is no significant relationship between price and overall score Item 3 .

b. Test for a significant relationship using the F test.
p-value is - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .1greater than .1Item 4

What is your conclusion? Use = .05.

Because p-value is - Select your answer -greater than or equal to less than or equal to equal to Item 5 .05, we - Select your answer -accept reject Item 6 H 0: β 1 is - Select your answer -greater than or equal to zero less than or equal to zero equal to zero Item 7 .

c. Show the ANOVA table for these data. Round your answers to three decimal places, if necessary.

Source of
Variation
Sum of
Squares
Degrees of
Freedom

Mean Square

F

p-value
Regression - Select your answer -less than .01between .01 and .025between .025 and .05between .05 and .1greater than .1Item 12
Error
Total

Solutions

Expert Solution

x y (x-x̅)² (y-ȳ)² (x-x̅)(y-ȳ)
186 78 6724.00 441.00 1722.00
162 78 3364.00 441.00 1218.00
90 60 196.00 9.00 -42.00
78 54 676.00 9.00 78.00
72 42 1024.00 225.00 480.00
36 30 4624.00 729.00 1836.00
ΣX ΣY Σ(x-x̅)² Σ(y-ȳ)² Σ(x-x̅)(y-ȳ)
total sum 624 342 16608 1854.000 5292.000
mean 104.000 57.000 SSxx SSyy SSxy

sample size ,   n =   6          
here, x̅ = Σx / n=   104.00   ,     ȳ = Σy/n =   57.00  
                  
SSxx =    Σ(x-x̅)² =    16608.0000          
SSxy=   Σ(x-x̅)(y-ȳ) =   5292.0          
                  
estimated slope , ß1 = SSxy/SSxx =   5292.0   /   16608.000   =   0.31864
                  
intercept,   ß0 = y̅-ß1* x̄ =   23.86127          
                  
so, regression line is   Ŷ =   23.86   +   0.3186   *x
                  
SSE=   (SSxx * SSyy - SS²xy)/SSxx =    167.7486          
                  
std error ,Se =    √(SSE/(n-2)) =    6.4759          
---------------

a)

Ho:   ß1=   0          
H1:   ß1╪   0          
n=   6              
alpha =   0.05              
estimated std error of slope =Se(ß1) = Se/√Sxx =    6.476   /√   16608.00   =   0.0503
                  
t stat = estimated slope/std error =ß1 /Se(ß1) =    0.3186   /   0.0503   =   6.34


p-value is-less than .01

There is a significant relationship between price and overall score

b)

p-value is-less than .01

we -reject H 0: β 1 is greater than or equal to zero

c)

Anova table
variation SS df MS F-stat p-value
regression 1686.251 1 1686.251 40.209 less than 0.01
error, 167.749 4 41.937
total 1854.000 5

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