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 |
The statistical software output for this problem is:
Hence,
Test statistic = -1.70
Option C is correct.
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