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For the data set shown​ below. x   y 3   4 4   5 5   8 7   12 8   15 Find the estimates of...

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Statistics

For the data set shown​ below.

x   y
3   4
4   5
5   8
7   12
8   15

Find the estimates of β0 and β1.

β0≈b0=-3.256

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

β1≈b1=2.233

(Round to three decimal places as​ needed.)

(b) Compute the standard​ error, the point estimate for σ.

Se=0.5972

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

​(c) Assuming the residuals are normally​ distributed, determinesb1.

sb1=0.144

​(Round to three 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.

The​ P-value for this test is

__?__.

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

Answer & Explanation Solved by verified expert
4.4 Ratings (980 Votes)
Using Excel Data Data Analysis RegressionOutput a Estimate of b0 3256Estimate    See Answer
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