For the data set shown​ below x   y 20   98 30   95 40   91 50   83 60   70 ​(a) Use technology to...

80.2K

Verified Solution

Question

Statistics

For the data set shown​ below

x   y
20   98
30   95
40   91
50   83
60   70

​(a) Use technology to find the estimates of β0 and β1.

β0 ≈b0=114.60

​(Round to two decimal places as​ needed.)

β1≈b1=−0.68

​(Round to two decimal places as​ needed.)

​(b) Use technology to compute the standard​ error, the pointestimate for σ.

se=3.7771

​(Round to four decimal places as​ needed.)

​(c) Assuming the residuals are normally​ distributed, usetechnology to determine sb1.

sb1equals=0.1194​

(Round to four decimal places as​ needed.)

​(d) Assuming the residuals are normally​distributed, test H0: β1=0 versus H1: β1≠0 at the α=0.05 level ofsignificance. Use the​ P-value approach.

Determine the​ P-value for this hypothesistest.

​P-value=__?__

​(Round to three decimal places as​ needed.)

Answer & Explanation Solved by verified expert
3.7 Ratings (456 Votes)
from    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students