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A student working on a summer internship in the economic research department of a large corporation studied the relation between sales of a product (Y,
A student working on a summer internship in the economic research department of a large corporation studied the relation between sales of a product (Y, in million dollars) and population (X, in million persons) inthefirm's50marketingdistricts.The normal error regression model was employed. The student first wished to test whether or not a linear association between Y and X existed. The student accessed a simple linear regression program and obtained the following information on the regression coefficients.
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