In Problem 12.8 on page 424, you used annual revenues to predict the value of a baseball
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In Problem 12.8 on page 424, you used annual revenues to predict the value of a baseball franchise. The data are stored in BBValues . Use the results of that problem.
a. At the 0.05 level of significance, is there evidence of a linear relationship between annual revenue and franchise value?
b. Construct a 95% confidence interval estimate of the population slope, β1.
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a H 0 1 0 H 1 1 0 Since the pvalue is essentially zero reject H 0 at 5 level of sig...View the full answer
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Related Book For
Business Statistics A First Course
ISBN: 9780321979018
7th Edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
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