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Regression model for Whitner data set

Using numerical data from the attached data set, develop one research question and formulate a hypothesis which can be tested with linear regression analysis. (Research question is Whether age influences the purchase of domestic or imported vehicles) Perform a regression hypothesis test on the data in the attachments

Price Price($000) Age Type
23197 23.197 46 0
23372 23.372 48 0
20454 20.454 40 1
23591 23.591 40 0
26651 26.651 46 1
27453 27.453 37 1
17266 17.266 32 1
18021 18.021 29 1
28683 28.683 38 1
30872 30.872 43 0
19587 19.587 32 0
23169 23.169 47 0
35851 35.851 56 0
19251 19.251 42 1
20047 20.047 28 1
24285 24.285 56 0
24324 24.324 50 1
24609 24.609 31 1
28670 28.67 51 1
15546 15.546 26 1
15935 15.935 25 1
19873 19.873 45 1
25251 25.251 56 1
25277 25.277 47 0
28034 28.034 38 1
24533 24.533 51 0
27443 27.443 39 0
19889 19.889 44 1
20004 20.004 46 1
17357 17.357 28 1
20155 20.155 33 1
19688 19.688 35 1
23657 23.657 35 0
26613 26.613 42 1
20895 20.895 35 0
20203 20.203 36 1
23765 23.765 48 0
25783 25.783 53 1
26661 26.661 46 1
32277 32.277 55 0
20642 20.642 39 1
21981 21.981 43 1
24052 24.052 56 0
25799 25.799 44 0
15794 15.794 30 1
18263 18.263 39 1
35925 35.925 53 0
17399 17.399 29 1
17968 17.968 30 1
20356 20.356 44 0
21442 21.442 41 1
21722 21.722 41 0
19331 19.331 35 1
22817 22.817 51 1
19766 19.766 44 1
20633 20.633 51 1
20962 20.962 49 1
22845 22.845 41 1
26285 26.285 44 0
27896 27.896 37 0
29076 29.076 42 1
32492 32.492 51 0
18890 18.89 31 1
21740 21.74 39 0
22374 22.374 53 0
24571 24.571 55 1
25449 25.449 40 0
28337 28.337 46 0
20642 20.642 35 1
23613 23.613 47 1
24220 24.22 58 1
30655 30.655 51 0
22442 22.442 41 1
17891 17.891 33 1
20818 20.818 46 1
26237 26.237 47 0
20445 20.445 34 1
21556 21.556 43 1
21639 21.639 37 1
24296 24.296 47 0

other questions possibly needed answering

using the Whitner Autoplex data set and the graphs find out if:

- who buys the most foreign (or domestic) vehicles - this would be determined based upon age.

- do younger people, under the age of 40 buy more foreign (or domestic) vehicles.

- Whether age influences the purchase of domestic or imported vehicles

Attachments

Solution Summary

The solution provides step by step method for the calculation of Regression model for Whitner data set . Formula for the calculation and Interpretations of the results are also included.

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