Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. O Do not reject Ho. We...

Extracted text: Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. O Do not reject Ho. We cannot conclude that the relationship between weight (pounds) and price ($) is significant. O Reject Ho. We conclude that the relationship between weight (pounds) and price ($) is significant. O Do not reject Ho: We conclude that the relationship between weight (pounds) and price ($) is significant. O Reject Ho. We cannot conclude that the relationship between weight (pounds) and price ($) is significant.


Extracted text: Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes. Brand Weight Price ($) A 17.8 2,100 16.1 6,150 14.9 8,370 15.9 6,200 17.2 4,000 13.1 8,600 G 16.2 6,000 H 17.1 2,680 I 17.6 3,300 14.1 8,000 These data provided the estimated regression equation ŷ = 28,608 – 1,442x. For these data, SSE = 6,655,076.17 and SST = 51,845,800. Use the F test to determine whether the weight for a bike and the price are related at the 0.05 level of significance. State the null and alternative hypotheses. O Ho: B, 20 H: Bq < 0="" o="" ho:="" b1#="" 0="" h:="" b,="0" o="" ho:="" b1="0" hi="" b1="" *="" 0="" o="" ho:="" bo="0" h3:="" bo="" #="" 0="" o="" ho:="" bo="" *="" 0="" hg:="" bo="">