Question: Outside Magazine tested 10 different models of day hikers and backpacking books. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper support and a rating of 5 denoting excellent upper support (Outside Magazine Guide, 2001 ).

1. Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating.
2. At the .05 level of significance, determine whether upper support and price related.
3. Would you feel comfortable using the estimated regression equation developed part (a) to estimate the price for a day hiker or backpacking boot given the upper port rating?
4. Estimate the price for a day hiker with an upper support rating of 4.

Price: $2.99

Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document