Question

For the data set shown below, complete parts (a) through (d). X Y 20 102 30...

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.

Homework Answers

Answer #1

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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