Miles Price ($) 37880 21988
37152 21995
41675 20995
30329 20495
47332 19999
43441 18995
57779 16454
69973 19448
37626 20989
20591 22490
40781 21995
39403 19955
55786 15950
64367 18988
50829 17982
31353 21995
41450 19941
67980 21999
81469 18999
62358 17950
46731 19389
25693 20990
36437 22973
34717 19495
53010 18490
38707 19890
30982 18290
66977 22995
45826 18996
27816 23922
41920 18991
35228 20995
61026 17995
43754 18961
43453 16997
19776 22995
53327 18646
39801 18241
60977 17495
56538 17950
Refer to the Exhibit Cars. com.
Using α = 0.01, what can you conclude about significance of the slope coefficient?
A. We can reject the null hypothesis that the population regression slope is zero. Therefore, we conclude that the population regression slope is different from zero and, thus, there is a relationship between odometer mileage and asking price.
B. We cannot reject the null hypothesis that the population regression slope is zero. Therefore, we cannot conclude that the population regression slope is different from zero and, thus, there is no relationship between odometer mileage and asking price.
C. We can reject the null hypothesis that the population regression slope is zero. Therefore, we conclude that the population regression slope is negative and, thus, there is a negative relationship between odometer mileage and asking price.
D. We can reject the null hypothesis that the population regression slope is zero. Therefore, we cannot conclude that the population regression slope is different from zero and, thus, there is no relationship between odometer mileage and asking price.