STATS Question 1

Predicting Percentage of Chips Broken: Reg ression Statistics Multiple R 0.8409 R Square 0.7071 Adjusted R Square 0,7041 Standard Error 1.0016 Observations 100 Coefficients Standard Error 1 Stat P-value Intercept 8,4227 0.2572 32.7457 0.0000 %Potato -O.4476 0.0291 "'\" 0.0000 The Excel output above is from a regression of the percentage of potato chips broken versus the percentage of potato content in those chips. Use the output to answer the following questions. 1 . What is the value of bu? (1 dp) 2. What is the value of b1? (4 dp) 3. What is the se(b1)? (4dP) 4. Calculate the absolute value of the test statistic for b1. (de) 5. What is the goodness of t (as a percentage)? (1 dp) 6. what is the correlation? (2 dp) 7. Would you (A) reject or (B) not reject the hypothesis that 81:0