Question
A data set of 4 observations for Concession Sales per person at a theater and Minutes before the movie begins results in the estimated regression
A data set of 4 observations for Concession Sales per person at a theater and Minutes before the movie begins results in the estimated regression model Modifying Above Sales with caretSales=4.4+0.266 Minutes. The standard error of the regression slope is 0.0452
Complete parts a through d below.
a) Compute the value of thet-statistic to test if there is a significant relationship between Sales and Minutes. What are the hypotheses for thistest?
Find the value of thet-statistic. (Round to three decimal places as needed)
b) What are the degrees of freedom associated with thet-statistic? (Type a whole number)
c) What is theP-value associated with thet-statistic? (Round to three decimal places as needed)
d) At =0.05, can you reject the standard null hypothesis for theslope? Explain.
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