Use the Following to Answer the Questions Below:
Data Were $\alpha$

Multiple Choice

Use the following to answer the questions below:
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age

-Use the computer output to test the slope to determine whether age is an effective predictor of price. Use $\alpha$ = 0.05.

A) There is very strong evidence that age is an effective predictor of price.
B) There is not enough evidence to conclude that age is an effective predictor of price.