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The data show the yearly income (in $1000) and age of a sample of seven individuals. Age Income (in $1000) 18 20 20 24 23
The data show the yearly income (in $1000) and age of a sample of seven individuals.
Age | Income (in $1000) |
18 | 20 |
20 | 24 |
23 | 24 |
24 | 26 |
27 | 30 |
27 | 36 |
34 | 22 |
Compute the coefficient of determination. (round to 2 decimals).
Complete the least squares estimated regression equation. (round numbers to 4 decimals).
We would like to see if the slope is significant. Using attest, what is the value of the test statistic? (round to 2 decimals)
What is the p-value? (round to 4 decimals)
At the 5% level of significance, determine the conclusion and if the model is significant.
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