Consider the following set of dependent and independent variables. These data can also be found in the

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Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 151.xlsx.

y 10 11 15 15 20 24 27 32 x1 2 5 5 9 7 11 16 20 x2 16 10 13 10 2 8 7 4

a. Using PHStat, construct a regression model using both independent variables.

b. Test the significance of each independent variable using a = 0.05.

c. Interpret the p-value for each independent variable.

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Business Statistics

ISBN: 9780133852288

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Authors: Robert A Donnelly, Robert Donnelly Jr

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