In the regression of average passing yards per game (YPG) on NFL quarterback salary in millions (SAL), you estimate the following equation: SAL= $2.547 + $0.051YPG The R² for your regression is 0.536, and the sample size is 32. What is the value of the t-test statistic for testing whether the effect of passing yards on salary is equal to 0? Select one: O a. 5.477 O b. 5.887 O c. 7.481 O d. 8.041 e. There is not enough information to find the test statistic

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In the regression of *average passing yards per game* (YPG) on *NFL quarterback salary in millions* (SAL), you estimate the following equation:

\[
\hat{S}AL = -2.547 + 0.051 \times YPG
\]

The \( R^2 \) for your regression is 0.536, and the sample size is 32.

**What is the value of the t-test statistic for testing whether the effect of passing yards on salary is equal to 0?**

Select one:
- ☐ a. 5.477
- ☐ b. 5.887
- ☐ c. 7.481
- ☐ d. 8.041
- ☐ e. There is not enough information to find the test statistic
Transcribed Image Text:In the regression of *average passing yards per game* (YPG) on *NFL quarterback salary in millions* (SAL), you estimate the following equation: \[ \hat{S}AL = -2.547 + 0.051 \times YPG \] The \( R^2 \) for your regression is 0.536, and the sample size is 32. **What is the value of the t-test statistic for testing whether the effect of passing yards on salary is equal to 0?** Select one: - ☐ a. 5.477 - ☐ b. 5.887 - ☐ c. 7.481 - ☐ d. 8.041 - ☐ e. There is not enough information to find the test statistic
Expert Solution
Step 1: Mentioning the given data

The regression equation is SAL with hat on top equals negative $ 2.547 plus $ 0.051 YPG

straight R squared equals 0.536
straight n equals 32

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