based on the data given, x(i): 3, 12, 6, 20, 14 y(i) : 55, 40, 55, 10, 5  a. compute the mean square error b.  compute the standard error of the estimate c. compute the estimated stdev of b(1) d. use the t-test to test the following hypotheses: a = 0.05 H(0): b(1) = 0 H(A): b(1) /= 0 E. use the f-test to test the hypothesis in part d at .05 significance

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.