I believe that cars with more mileage are worth less money. I decide to run a statistical analysis at the a
=0.01
significance level to test my claim. From a large website specializing in selling used cars, I sample 6 used 2012 sedans at random. For each sedan, 1 record its mileage and the price that the car is listed at. Data are as follows: \table[[Mileage,Price],[95060,8920],[76120,11800],[111140,9240],[62320,17670],[86310,12700],[50620,17340]] Assume that responses follow the model Price Mileage

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I believe that cars with more mileage are worth less money. I decide to run a statistical analysis at the a

=0.01

significance level to test my claim. From a large website specializing in selling used cars, I sample 6 used 2012 sedans at random. For each sedan, 1 record its mileage and the price that the car is listed at. Data are as follows: \table[[Mileage,Price],[95060,8920],[76120,11800],[111140,9240],[62320,17670],[86310,12700],[50620,17340]] Assume that responses follow the model Price Mileage

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