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1. Write the equation for the best-fit regression line from the results of this regression 2. State the null hypothesis for this regression and perform
1. Write the equation for the best-fit regression line from the results of this regression
2. State the null hypothesis for this regression and perform the necessary calculations to determine the validity of the hypothesis.
3. . Use the equation of the regression line to predict the number of union members when the labor force is 110,000.
Table 2 - Regression Output | |||||
Multiple R | 0.798 | ||||
R Square | 0.636 | ||||
Adjusted R Square | 0.612 | ||||
Standard Error | 258.632 | ||||
Observations | 17 | ||||
ANOVA | |||||
df | SS | ||||
Regression | 1 | 1756035.529 | MS | F | Significance F |
Residual | 15 | 1003354.471 | 1756036 | 26.25 | 0.00012 |
Total | 16 | 2759390 | 66890.3 | ||
Coefficients | Standard Error | t Stat | P-value | ||
Intercept | 20704.3805 | 879.6067 | 23.54 | 0 | |
Labor Force | -0.039 | 0.0076 | -5.12 | 0.00012 |
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