A recent article in a national business magazine reports that a strong linear connection appears to exist
Question:
A recent article in a national business magazine reports that a strong linear connection appears to exist between regional unemployment rates and property crime. The following data were collected from four sample regions to support this position:
The estimated regression equation turns out to be ŷ = 40 + 15x. Can we use the sample data here to reject a β = 0 null hypothesis at the 5% significance level? Explain the implications of your decision.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Question Posted: