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Annual revenues are used to predict the value of a baseball franchise. A sample of 32...

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Basic Math

Annual revenues are used to predict the value of a baseballfranchise. A sample of 32 franchises was used. An analysis ofvariance of these data showed that b1= 5.0785 and Sb1 = 0.2357.

a. At the 0.05 level of? significance, is there evidence of alinear relationship between annual revenue and franchise?value?

b. Construct a? 95% confidence interval estimate of thepopulation? slope, ?1.

a: Compute the test statistic. tSTAT= ?(Round to four decimalplaces as? needed.)

The critical? value(s) is(are) ?(Round to four decimal placesas? needed.)

b: The? 95% confidence interval is ____ ? ?1 ? ____ ?(Round tofour decimal places as? needed.)

Answer & Explanation Solved by verified expert
4.3 Ratings (663 Votes)
SolutionGivenSample size n 32b1 50785 and Sb1 02357Part a At the 005 level of significance isthere evidence of a linear relationship between    See Answer
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