Consider a simple linear regression model, Y₁ = ß₁ + ß₁X; + &; for i = 1,2,...,n with the usual random error term (₁) assumptions. Suppose that hypotheses Ho: P₁ = 0 against H₁:₁ <0 were tested and Ho: B₁ = 0 was rejected. Assume ₁ e₁² = 0. i) Briefly explain what the conclusion of the test means for the values of Y given the values of X. ii) Draw an example of a scatter plot with the fitted regression line for the problem mentioned above. iii) Calculate and interpret the correlation coefficient for the problem at hand.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 4E
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Consider a simple linear regression model, Y₁ = Bo + B₁X₁ + ₁ for i=1,2,...,n with the usual
random error term (&) assumptions. Suppose that hypotheses Ho: P₁ = 0 against H₁:₁ <0
were tested and Ho: B₁ = 0 was rejected. Assume
₁e₁² = 0.
ei
i) Briefly explain what the conclusion of the test means for the values of Y given the values of
X.
-1
ii) Draw an example of a scatter plot with the fitted regression line for the problem mentioned
above.
iii) Calculate and interpret the correlation coefficient for the problem at hand.
Transcribed Image Text:Consider a simple linear regression model, Y₁ = Bo + B₁X₁ + ₁ for i=1,2,...,n with the usual random error term (&) assumptions. Suppose that hypotheses Ho: P₁ = 0 against H₁:₁ <0 were tested and Ho: B₁ = 0 was rejected. Assume ₁e₁² = 0. ei i) Briefly explain what the conclusion of the test means for the values of Y given the values of X. -1 ii) Draw an example of a scatter plot with the fitted regression line for the problem mentioned above. iii) Calculate and interpret the correlation coefficient for the problem at hand.
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