the data set shown? below, complete parts? (a) through? (d)below. x 3 4 5 7 8 y 5 7 6 12 13 ?(a)??Find the estimates of beta 0and beta 1. beta 0almost equalsb 0equals nothing ?(Round to threedecimal places as? needed.) beta 1almost equalsb 1equals nothing?(Round to three decimal places as? needed.)(a)??Find the estimatesof beta 0 and beta 1. beta 0almost equalsb 0equals ???(Round tothree decimal places as? needed.) beta 1almost equalsb 1equals ???(Round to three decimal places as? needed.) ?(b)??Compute thestandard? error, the point estimate for sigma. s Subscript eequals??? ?(Round to four decimal places as? needed.) ?(c)??Assuming theresiduals are normally? distributed, determine s Subscript b 1Baseline . s Subscript b 1equals ??? ?(Round to three decimalplaces as? needed.) ?(d)??Assuming the residuals are normally?distributed, test Upper H 0 : beta 1 equals 0 versus Upper H 1 :beta 1 not equals 0 at the alpha equals 0.05 level of significance.Use the? P-value approach. The? P-value for this test is?????(Round to three decimal places as? needed.) Make a statementregarding the null hypothesis and draw a conclusion for this test.Choose the correct answer below. A. Reject Upper H 0. There issufficient evidence at the alpha equals 0.05 level of significanceto conclude that a linear relation exists between x and y. Do notreject Upper H 0. There is sufficient evidence at the alpha equals0.05 level of significance to conclude that a linear relationexists between x and y. C. Reject Upper H 0. There is notsufficient evidence at the alpha equals 0.05 level of significanceto conclude that a linear relation exists between x and y. D. Donot reject Upper H 0. There is not sufficient evidence at the alphaequals 0.05 level of significance to conclude that a linearrelation exists between x and y.