The one percent level of significance

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Reference no: EM1321632

Question: Determine the following values:

n = 479

Σ HP = 116,553

Σ MPG = 9,346

Σ (HP2) = 32,654,855

Σ (MPG2) = 196,038

Σ (HP x MPG) = 2,109,130

Apply x = horsepower & y = gasoline mileage, perform the hypothesis test to determine whether the slope of the regression line for the population is equal to zero at the one percent level of significance.

[A] Without calculating the p-value, how strong is your conclusion for this hypothesis test? In other words, is the p-value very high or very low? What does this mean?

Reference no: EM1321632

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