Suppose that in Exercise 11-24 weight is measured in kg instead of lbs. (a) How will the
Question:
Suppose that in Exercise 11-24 weight is measured in kg instead of lbs.
(a) How will the estimates of the slope and intercept change?
(b) Estimate the error standard deviation.
(c) Estimate the standard deviation of the slope.
(d) What is the value of the t-statistic for the slope? Compare your answer to the one for Exercise 11-24(c).
(e) Test the hypothesis that β1 = 0 at α = 0.05. What is the P-value for this test? Compare your answer to the one for Exercise 11-24(d). Comment briefly.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
Question Posted: