Use the following to answer the questions below:
Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output from two models are provided.
Single Predictor Model:
The regression equation is Price = 13.8 - 0.0912 Mileage

-Is mileage a significant single predictor of the price of used Hyundai Elantras? Use α = 0.05. Include all details of your test.

Question

Use the following to answer the questions below:
Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output from two models are provided.
Single Predictor Model: 
The regression equation is Price = 13.8 - 0.0912 Mileage
 
-Is mileage a significant single predictor of the price of used Hyundai Elantras? Use α = 0.05. Include all details of your test.

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The Answer of Use the following to answer the questions below:
Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output from two models are provided.
Single Predictor Model: 
The regression equation is Price = 13.8 - 0.0912 Mileage
 
-Is mileage a significant single predictor of the price of used Hyundai Elantras? Use α = 0.05. Include all details of your test.

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