Question
Listed below is acompany's sales in Year 1 through Year 12along with the national income of the country, where thebusiness is set up. Year National
Listed below is acompany's sales in Year 1 through Year 12along with the national income of the country, where thebusiness is set up.
Year National Income (in millions of dollars)x Company's sales (in thousands of dollars)y
Year 1 305 470
Year 2 316 485
Year 3 358 499
Year 4 350 515
Year 5 375 532
Year 6 392 532
Year 7 400 556
Year 8 398 576
Year 9 430 583
Year 10 456 587
Year 11 578 601
Year 12 498 605
Test whether each of the regression parameters0and1is equal to zero at a 0.05 level of significance.
please tell how to get correct interpretations of the estimated regression parameters?
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