A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Test the hypotheses H0: β1=0 vs. HA: β1≠0. What is the test statistic?
A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Test the hypotheses H0: β1=0 vs. HA: β1≠0. What is the test statistic?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Test the hypotheses
H0: β1=0
vs.
HA: β1≠0.
What is the test statistic?

Transcribed Image Text:Response variable is: Earn
R squared = 31.1%
s = 5626 with 706-2= 704 degrees of freedom
Variable
Intercept
SAT
Residuals
Number of Colleges
20000-
10000-
-10000-
-20000-
120-
100-
80-
0
60-
35000 40000 45000 50000 55000 60000
40-
20-
0+
Coefficient SE(Coeff) t-ratio
P-value
14530.8
1702
8.54
<0.0001
27.6166
1.507
18.33 <0.0001
-20000
-10000
Predicted
0
Residuals
10000
20000
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