A data set of 5 observations for Concession Sales per person ($) at a theater and Minutes

Question:

A data set of 5 observations for Concession Sales per person ($)

at a theater and Minutes before the movie begins results in the following estimated regression model:

The standard error of the regression slope is 0.0454.

a) Compute the value of the t-statistic to test if there is a significant relationship between Sales and Minutes.

b) What are the degrees of freedom associated with the t-statistic?

c) What is the P-value associated with the t-statistic?

d) At can you reject the standard null hypothesis for the slope? Explain.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 19, 2024 02:28 PM

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A data set of 5 observations for Concession Sales per person ($) at a theater and Minutes

Question:

Sales 4.3 + 0.265 Minutes. =

Step by Step Answer:

Business Statistics

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