Hello, How do I find the test statistic for: (see attached). I already corrected the Bo and B1 values as in the Hypotheses attached .......jpg A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as apredictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The data are stored in the accompanying table. The least-squaresregression equation for these data is Y; = - 10,716.747 + 2.364x, and the standard error of the estimate is Syy = 15,839.846. Assume that the straight-line model is appropriate andthere are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below.E Click the icon to view the data on program per-year tuition and mean starting salary.a. At the 0.05 level of significance, is there evidence of a linear relationship between the starting salary upon graduation and program per-year tuition?Determine the hypotheses for the test.Ho: Po* 42140.91385H,:B1= ||42140.91385(Type integers or decimals. Do not round.) Given: alpha=0.05The hypothesis for the test is:H: B =0 Vs H, : P, #0

Given: Sample size, n = 37 Y1=-10716.747+2.346 X1 SYX=15839.846 β^1=2.364 Level of significance,…

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Statistics

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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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Question

Hello,

How do I find the test statistic for: (see attached). I already corrected the Bo and B1 values as in the Hypotheses attached .......jpg

A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a
predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The data are stored in the accompanying table. The least-squares
regression equation for these data is Y; = - 10,716.747 + 2.364x, and the standard error of the estimate is Syy = 15,839.846. Assume that the straight-line model is appropriate and
there are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below.
E Click the icon to view the data on program per-year tuition and mean starting salary.
a. At the 0.05 level of significance, is there evidence of a linear relationship between the starting salary upon graduation and program per-year tuition?
Determine the hypotheses for the test.
Ho: Po
* 42140.91385
H,:
B1
= ||42140.91385
(Type integers or decimals. Do not round.)

Given: alpha=0.05
The hypothesis for the test is:
H: B =0 Vs H, : P, #0

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