Parameter Estimator 95% confidence interval 25 Во 7.43 βι 0.75 (-1.18, 16.05) (0.45, 1.06)
Parameter Estimator 95% confidence interval 25 Во 7.43 βι 0.75 (-1.18, 16.05) (0.45, 1.06)
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 student working on a summer internship in the economic research department of a large corporation studied the relation between sales of a product (Y, in million dollars) and population (X, in million persons) inthefirm's50marketingdistricts.The normal error regression model was employed. The student first wished to test whether or not a linear association between Y and X existed. The student accessed a simple linear regression program and obtained the following information on the regression coefficients.
The student concluded from these results that there is a linear association between Y and X.
Is the conclusion warranted? What is the implied level of significance?
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