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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.

E) None of the above
F) A) and C)

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A dependent variable, x, explains the variation in another variable, which is called the independent variable, y.

A) True
B) False

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A horizontal slope on an xy scatter plot indicates that there is a strong relationship between the between the independent and dependent variables.

A) True
B) False

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The values of the coefficient of determination range between - 1.0 and +1.0.

A) True
B) False

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