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The American Heart Association would like to find out if there is the relationship between the price of gas per gallon and sale of bicycles. 

Price Per Gallon

Bicycles Sold (million)

3.25

3.78

2.89

4.25

4.26

1.9

2.3

1.5

3.7

3.75

A. Determine the relationship, if one exists?

B. Generate the prediction model, if appropriate

C. Using the ANOVA summary table, find out if the regression model is significant.

D. If there is the significant effect because of regression, what does that mean?

E. If gas hit $5 per gallon, how many bicycles would you anticipate to sell

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922346

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