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Develop the estimated regression equation that can be used to predict the price given the weight. Also report the standard error of the estimate, , and . The regression equation is (to 1 decimal) (to 4 decimals) (to 4 decimals) (to 4 decimals) Test for the significance of the relationship at the .05 level of significance. -value is (to 4 decimals). We _________ that the two variables are related. Did the estimated regression equation provide a good fit

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Answer:

Following are the response to the given question:

Step-by-step explanation:

For question 1:

Following are the regression equation:

[tex]price = 2044.03 - 28.35 \ \ (weight)[/tex]

[tex]\sigma = 94.353\\\\R^2 = 0.7647\\\\R^2\ (adj.) = 0.75\\\\[/tex]

For question 2:

Test of connection importance at 5 percent significance:

[tex]p-value < 0.000001\\\\p-value< 0.05[/tex]

Two variables could be said to be connected.

For question 3:

[tex]R^2 = 0.7647[/tex]

The computed equations of the regression fit well.

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