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Develop an estimated regression equation to estimate the

Outside Magazine tested 9 different models of day hikers and backpacking boots. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper sup-port and a rating of 5 denoting excellent upper support.

Manufacturing & Model Upper Support Price

Salomon Super Raid 2 120

Merrell Chameleon Prime 3 125

Teva Challenger 3 130

Vasque Fusion GTX 3 135

Boreal Maigmo 3 150

LL Bean GTX Sup Guide 5 189

Lowa Kibo 5 190

Asolo AFX 520 GTX 4 195

Raichle Mt Trail GTX 4 200

a. Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating.

b. At the .05 level of significance, determine whether upper support and price are related.

c. Would you feel comfortable using the estimated regression equation developed in part (a) to estimate the price for a day hiker or backpacking boot given the upper support rating?

d. Estimate the price for a day hiker with an upper support rating of 4.

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Basic Statistics: Develop an estimated regression equation to estimate the

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Develop an estimated regression equation to estimate the

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Develop an estimated regression equation to estimate the

Reference No:- TGS0580840

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