Answer
P-value $\ltα$
There is enough evidence to conclude that a linear relation exists between age and price.
Work Step by Step
$H_0: β_1=0$ versus $H_1: β\ne0$
See the results obtained in the MINITAB in item (a).
P-value $\lt0.001\ltα=0.05$
Statistics: Informed Decisions Using Data (4th Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0321757270
ISBN 13:
978-0-32175-727-2
Chapter 14 - Review - Review Exercises - Page 730: 4b
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