Given are five observations for two variables, x and y. Excel File: data14-25.xlsx The estimated regression equation is ŷ = 7.6+0.9x. a. What is the value of the standard error of the estimate (to 4 decimals)? b. Test for a significant relationship by using the t test. Use α = 0.05. What is the value of the t test statistic (to 2 decimals)? What is the p-value? Use Table 2 of Appendix B. - Select your answer What is your conclusion (a: = = 0.05)? - Select your answer - xi 2 Yi 7 6913 18 9 20 26 23 Consider the following hypothesis test: Ho: μ≥ 45 Ha: : μ < 45 A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01. a. With 44 and s = 5.2, the p-value is - Select your answer- Can it be concluded that the population mean is less than 45 ? - Select your answer b. With 43 and s = 4.6, the p-value is -Select your answer- Can it be concluded that the population mean is less than 45? - Select your answer- c. With 46 and s = 5, the p-value is -Select your answer Can it be concluded that the population mean is less than 45? - Select your answer -
Given are five observations for two variables, x and y. Excel File: data14-25.xlsx The estimated regression equation is ŷ = 7.6+0.9x. a. What is the value of the standard error of the estimate (to 4 decimals)? b. Test for a significant relationship by using the t test. Use α = 0.05. What is the value of the t test statistic (to 2 decimals)? What is the p-value? Use Table 2 of Appendix B. - Select your answer What is your conclusion (a: = = 0.05)? - Select your answer - xi 2 Yi 7 6913 18 9 20 26 23 Consider the following hypothesis test: Ho: μ≥ 45 Ha: : μ < 45 A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01. a. With 44 and s = 5.2, the p-value is - Select your answer- Can it be concluded that the population mean is less than 45 ? - Select your answer b. With 43 and s = 4.6, the p-value is -Select your answer- Can it be concluded that the population mean is less than 45? - Select your answer- c. With 46 and s = 5, the p-value is -Select your answer Can it be concluded that the population mean is less than 45? - Select your answer -
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 5E
Question

Transcribed Image Text:Given are five observations for two variables, x and y.
Excel File: data14-25.xlsx
The estimated regression equation is ŷ = 7.6+0.9x.
a. What is the value of the standard error of the estimate (to 4 decimals)?
b. Test for a significant relationship by using the t test. Use α = 0.05.
What is the value of the t test statistic (to 2 decimals)?
What is the p-value? Use Table 2 of Appendix B.
- Select your answer
What is your conclusion (a: = = 0.05)?
- Select your answer -
xi
2
Yi 7
6913
18 9
20
26 23

Transcribed Image Text:Consider the following hypothesis test:
Ho: μ≥ 45
Ha:
: μ < 45
A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01.
a. With 44 and s = 5.2, the p-value is - Select your answer-
Can it be concluded that the population mean is less than 45 ?
- Select your answer
b. With 43 and s = 4.6, the p-value is -Select your answer-
Can it be concluded that the population mean is less than 45?
- Select your answer-
c. With 46 and s = 5, the p-value is -Select your answer
Can it be concluded that the population mean is less than 45?
- Select your answer -
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning



Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning



