X: 3,4,5,7,8
Y:3,7,6,12,13
Find beta 0 and beta 1
Compute standard error
Compute Sb1
Compute p value
From the given data,
Price (X) | Score Y) | X^2 | Y^2 | XY | |
3 | 3 | 9 | 9 | 9 | |
4 | 7 | 16 | 49 | 28 | |
5 | 6 | 25 | 36 | 30 | |
7 | 12 | 49 | 144 | 84 | |
8 | 13 | 64 | 169 | 104 | |
Total: | 27 | 41 | 163 | 407 | 255 |
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