∑xi=40
∑yi=120
∑x^2i=200
∑y^2i=720
∑xiyi=86.4
Based on this calculate the following.
β^0=
.β^1=
The standard error for β^1 is:
The p-value for the test of no relationship is:
Formulae :
The standard error of is :
where predicted value of yi using regression equation
the t statistic is :
The p value is : 2 * P( T>t) where t is the observed value of t statistic.
You can see that to calculate beta 1 and beta 0 I need the value of n that is the sample size. and to calculate standard eror, p value I need all the values of x and y's so that I can calculate predicted values . Since it is not provided I can not solve it, but I have given you all the formulae you need. You can contact me for any more information in the comments. It will be my pleasure to help you!
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