## Question

###### The regression model speclfies that wlnning bld and shlpplng cost are Ilnearly related Conduct test (at the signlficance eve significant Iinea relationship between shipping cost and winning bid when the seller has ow reputatlon;05) forThe value of the test statistic isand you conclude that there is significant linear relationship between shipping cost and winning bid_ The result of the significance test consistent with the notion that buyers pay attention to surcharge when it is levied by low&qu

The regression model speclfies that wlnning bld and shlpplng cost are Ilnearly related Conduct test (at the signlficance eve significant Iinea relationship between shipping cost and winning bid when the seller has ow reputatlon; 05) for The value of the test statistic is and you conclude that there is significant linear relationship between shipping cost and winning bid_ The result of the significance test consistent with the notion that buyers pay attention to surcharge when it is levied by low" reputation seller: The 95% confidence Interva estlmate of Bi Is Since in the confidence interval, vou conclude that there is significant linear relationship between shipping cost and winning bid, This result consistent with the notion that buyers pay attention to surcharge when it is levied by low-reputation seller: Conduct an test (at significance evel 05) of overall significance for the regression. (With degree of freedom in the numerator and n 2 _ 89 degrees of freedom in the denominator; 3.949 provides an area of 0.05 in the Upper tail,) The test statistic is and you conclude that there is significant linear relationship between shipping cost and winning bid.