Q1) American Heart Association would like to find out if there is relationship between 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
|
i) Describe the relationship, if one exists.
ii) Generate a prediction model, if suitable
iii) Using ANOVA summary table, find out if regression model is significant.
iv) If there is significant effect due to regression, what does that mean?
v) If gas hit $5 per gallon, how many bicycles would you expect to sell?