Find the p-value. (Round your answer to four decimal places.)State your conclusion.Reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Do not reject Ho. There sufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Do not reject Ho. There insufficient evidence to conclude there is a significant relationship between list price and cubic feet.tistic. (Round your answer to two decimal places.)(c) Develop a dummy variable that will account for whether the refrigerator has the thru-the-door ice and water feature. Code the dummy variable with a value of 1 if the refrigerator has the thru-the-door ice and water feature and with 0 otherwise. Use this dummy variable to develop the estimated multiple regression equation to show how list price is related to cubic feet and the thru-the-door ice and water feature. (Round your numerical values to four decimal places. Let x₁ represent the cubic feet, x₂ represent whether the refrigerator has the thru-the-door ice and waterfeature, and y represent the list price.)ŷ =(d) At a = 0.05, is the thru-the-door ice and water feature a significant factor in the list price of a refrigerator?State the null and alternative hypotheses.Ho: P₂ 20H₂: B₂ 0Ho: B₂ = 0H₂: B₂ #0Ho: B₂ = 0H₂: B₂ 0Find the test statistic. (Round your answer to two decimal places.)Find the p-value. (Round your answer to four decimal places.)State your conclusion.O Reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and water feature.O Reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and water feature.O Do not reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and waterfeature.Do not reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and waterfeature. Suppose a certain retailer sells several models of refrigerators. A random sample of the models sold by this retailer and their corresponding cubic feet (cu. ft.) and list price can be found below.ModelModel 1Model 2Model 31with Thru-the-Door Ice and Water.Model 4Model 5Model 6with Thru-the-Door Ice and WaterModel 7Model 8.Model 9with Thru-the-Door Ice and WaterModel 10with Thru-the-Door Ice and WaterModel 11with Thru-the-Door Ice and WaterModel 12.Model 13with Thru-the-Door Ice and WaterModel 14Model 14Model 15Model 16with Thru-the-Door Ice and WaterModel 17Model 18with Thru-the-Door Ice and WaterModel 19with Thru-the-Door Ice and WaterModel 20with Thru-the-Door Ice and WaterModel 21Cu.Ft. List Price18.3Ho: B₂ 20H₂: B₁ 0ⒸH₁: B₁ = 0H₂: P₁024.825.419.317.319.625.025.426.025.618.025.020.224.5 $1,299.9920.215.528.227.8$899.9923.6$1,799.99$1,799.99$749.99$599.99$1,619.99$999.99$1,299.99$1,299.99$1,099.99$679.99$2,199.99$849.99$849.99$549.99$2,599.99$2,999.99$2,399.9922.6 $1,099.9921.8 $1,499.9920.9 $1,669.99(a) Develop the estimated simple linear regression equation to show how list price is related to the independent variable cubic feet. (Round your numerical values to four decimal places. Let x₁represent the cubic feet and y represent the list price.)(b) At the 0.05 level of significance, test whether the estimated regression equation developed in part (a) indicates a significant relationship between list price and cubic feet.State the null and alternative hypotheses.

Question

Find the p-value. (Round your answer to four decimal places.)State your conclusion.Reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Do not reject Ho. There sufficient evidence to conclude there is a significant relationship between list price and cubic feet.O Do not reject Ho. There insufficient evidence to conclude there is a significant relationship between list price and cubic feet.tistic. (Round your answer to two decimal places.)(c) Develop a dummy variable that will account for whether the refrigerator has the thru-the-door ice and water feature. Code the dummy variable with a value of 1 if the refrigerator has the thru-the-door ice and water feature and with 0 otherwise. Use this dummy variable to develop the estimated multiple regression equation to show how list price is related to cubic feet and the thru-the-door ice and water feature. (Round your numerical values to four decimal places. Let x₁ represent the cubic feet, x₂ represent whether the refrigerator has the thru-the-door ice and waterfeature, and y represent the list price.)ŷ =(d) At a = 0.05, is the thru-the-door ice and water feature a significant factor in the list price of a refrigerator?State the null and alternative hypotheses.Ho: P₂ 20H₂: B₂ <0Ho: B₂ ≤0H₂: B₂ > 0Ho: B₂ = 0H₂: B₂ #0Ho: B₂ = 0H₂: B₂ > 0Find the test statistic. (Round your answer to two decimal places.)Find the p-value. (Round your answer to four decimal places.)State your conclusion.O Reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and water feature.O Reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and water feature.O Do not reject Ho. There is sufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and waterfeature.Do not reject Ho. There is insufficient evidence to conclude there is a significant relationship between list price and whether the refrigerator has the thru-the-door ice and waterfeature. Suppose a certain retailer sells several models of refrigerators. A random sample of the models sold by this retailer and their corresponding cubic feet (cu. ft.) and list price can be found below.ModelModel 1Model 2Model 31with Thru-the-Door Ice and Water.Model 4Model 5Model 6with Thru-the-Door Ice and WaterModel 7Model 8.Model 9with Thru-the-Door Ice and WaterModel 10with Thru-the-Door Ice and WaterModel 11with Thru-the-Door Ice and WaterModel 12.Model 13with Thru-the-Door Ice and WaterModel 14Model 14Model 15Model 16with Thru-the-Door Ice and WaterModel 17Model 18with Thru-the-Door Ice and WaterModel 19with Thru-the-Door Ice and WaterModel 20with Thru-the-Door Ice and WaterModel 21Cu.Ft. List Price18.3Ho: B₂ 20H₂: B₁ <0O Ho: P₁ ≤0H₂: P₂ > 0ⒸH₁: B₁ = 0H₂: P₁024.825.419.317.319.625.025.426.025.618.025.020.224.5 $1,299.9920.215.528.227.8$899.9923.6$1,799.99$1,799.99$749.99$599.99$1,619.99$999.99$1,299.99$1,299.99$1,099.99$679.99$2,199.99$849.99$849.99$549.99$2,599.99$2,999.99$2,399.9922.6 $1,099.9921.8 $1,499.9920.9 $1,669.99(a) Develop the estimated simple linear regression equation to show how list price is related to the independent variable cubic feet. (Round your numerical values to four decimal places. Let x₁represent the cubic feet and y represent the list price.)(b) At the 0.05 level of significance, test whether the estimated regression equation developed in part (a) indicates a significant relationship between list price and cubic feet.State the null and alternative hypotheses.

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