Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Test the slope of the regression line, y = -46.292 + 15.240 x of the following data. Use a = .10 and Se = 108.7.

image text in transcribedimage text in transcribed
Test the slope of the regression line, y = -46.292 + 15.240 x of the following data. Use a = .10 and Se = 108.7. Advertising Sales 12.5 148 3.7 55 21.6 338 60.0 994 37.6 541 6.1 89 16.8 126 41.2 379 (Round the intermediate values to 3 decimal places. Round your answer to 2 decimal places.) Observed t = 0.1402 The decision is to reject the null hypothesisThe following data published by the U.S. Small Business Administration, Office of Advocacy, are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Bankruptcies (10,000) x (1,000) y 58.1 34.3 55.4 35.0 57.0 38.5 58.5 40.1 57.4 35.5 58.0 37.9 *(Round your answer to 4 decimal places.) **(Round your answer to the nearest integer.) ***(Round your answer to 1 decimal place.) Se 2.3075 This standard error of the estimate indicates that the regression model is about 18.48 **% of the time. In this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Simulation

Authors: Sheldon M Ross

6th Edition

0323899617, 9780323899611

More Books

Students also viewed these Mathematics questions

Question

1. What does this mean for me?

Answered: 1 week ago