The StatCrunch printout below was obtained from fitting the model y = b0 + b1x1 + b2x2
Question:
The StatCrunch printout below was obtained from fitting the model y = b0 + b1x1 + b2x2 + b3x1x2 + e to n = 15 data points.
a. What is the prediction equation?
b. Give an estimate of the slope of the line relating y to x1 when x2 = 10.
c. Plot the prediction equation for the case when x2 = 1. Do this twice more on the same graph for the cases when x2 = 3 and x2 = 5.
d. Explain what it means to say that x1 and x2 interact. Explain why your graph of part c suggests that x1 and x2 interact.
e. Specify the null and alternative hypotheses you would use to test whether x1 and x2 interact.
f. Conduct the hypothesis test of part e using a = .01. Applying the Concepts—Basic
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich