Question

We are interested in studying the linear relationship between someone's age and how much they spend...

We are interested in studying the linear relationship between someone's age and how much they spend on travel. The following data is provided:

Amount Spent on Travel

Age

850

39

997

43

993

50

649

59

1265

25

680

38

Find the test statistic for testing is b1 is significant or not.

a.

1.70

b.

4.38

c.

-1.70

d.

-7.59

Homework Answers

Answer #1

The statistical software output for this problem is:

Hence,

Test statistic = -1.70

Option C is correct.

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