Which one of the following statements is true using α = 0.05?
A) Because the p- value for the slope is 0.0002, we fail to reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
B) Because the p- value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is no relationship between the age and selling price of a used car.
C) Because the p- value for the slope is 0.0002, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
D) Because the p- value for the slope is 0.0351, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
Correct Answer:
Verified
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·
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