Question: You are testing the null hypothesis that there is no relationship between two variables, X and Y. From your sample of n = 34, you

You are testing the null hypothesis that there is no relationship between two variables, X and Y. From your sample of n = 34, you determine that b1 = 3.4 and Sb1

= 1.2.

a. What is the value of the t test statistic?

b. At the α = 0.05 level of significance, what are the critical values?

c. Based on your answers to

(a) and (b), what statistical decision should you make?

d. Construct a 95% confidence interval estimate of the population slope, β1.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Statistics Using Excel Questions!