For the data set shown below, complete parts (a) through (d).
X | Y |
20 | 102 |
30 | 97 |
40 | 93 |
50 | 83 |
60 | 72 |
(a) Find the estimates of Bo and B1.
Bo=bo= _____ (Round to three decimal places as needed.)
B1=b1= ______(Round to four decimal places as needed.)
(b) Compute the standard error the point estimate for
se= ____
(c) Assuming the residuals are normally distributed, determine
Sb1=____
(Round to four decimal places as needed.)
(d) Assuming the residuals are normally distributed, test HoB1=0
versus H1:B1/=0 at the a=0.05 level of significance. Use the
P-value approach.
The P-value for this test is _____.
(Round to three decimal places as needed.)
Make a statement regarding the null hypothesis and draw a
conclusion for this test. Choose the correct answer below.
A. Reject Ho. There is sufficient evidence at the a= 0.05 level of significance to conclude that a linear relation exists between x and y.
B. Reject Ho. There is not sufficient evidence at the a= 0.05 level of significance to conclude that a linear relation exists between x and y.
C. Do not reject Ho. There is not sufficient evidence at the a= 0.05 level of significance to conclude that a linear relation exists between x and y.
D. Do not reject Ho. There is sufficient evidence at the a= 0.05 level of significance to conclude that a linear relation exists between x and y.
a)
bo =119.000
b1= -0.7400
b)
SSE =Syy-(Sxy)2/Sxx= | 25.600 |
s2 =SSE/(n-2)= | 8.5333 | |
se | =se =√s2= | 2.9212 |
(please try 2.921 or 2.92 if required less number of decimals)
c)
std error of slope =se(β1) =s/√Sxx= | 0.0924 |
d)
test stat t =(b1-β1)/se(β1)= | -8.011 | |
p value = | 0.004 | (from excel:tdist(-8.011,3,2) |
A. Reject Ho. There is sufficient evidence at the a= 0.05 level of significance to conclude that a linear relation exists between x and y.
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