The p-value associated with the test specified in question 9 is equal to:  Based on the p-value in the previous question, the correct decision for the test specified  Estimate a 95% confidence interval for the slope coefficient. The lower bound and upper bound of the interval is equal to: The R-squared for the regression model you estimated is equal to:

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Author:Amos Gilat
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The p-value associated with the test specified in question 9 is equal to: 

Based on the p-value in the previous question, the correct decision for the test specified 

Estimate a 95% confidence interval for the slope coefficient. The lower bound and upper bound of the interval is equal to:

The R-squared for the regression model you estimated is equal to:

You are interested in the relationship between the income of recent college graduates and the income of their parents. Below is a random sample containing information on the annual income
of recent college graduates and the annual income of their top income earning parent. Income is measured in thousands of dollars.
Recent graduate annual income
Parent annual income
34
42
51
60
28
35
38
46
59
86
105
92
| | |
55
66
62
90
Transcribed Image Text:You are interested in the relationship between the income of recent college graduates and the income of their parents. Below is a random sample containing information on the annual income of recent college graduates and the annual income of their top income earning parent. Income is measured in thousands of dollars. Recent graduate annual income Parent annual income 34 42 51 60 28 35 38 46 59 86 105 92 | | | 55 66 62 90
Test the hypothesis that there is a linear relationship between parent income and recent graduate income. Which of the following is the correct statement of the hypotheses?
Ho: Po : 0
0
Ha: B0
0
O Ho: P 0
0
Ha: Bo
0
O Ho: P,
1
Ha: B,
1
= 0
0
0
○ Ho: B, < 0
1
Ha: ß
P₁
> 0
Transcribed Image Text:Test the hypothesis that there is a linear relationship between parent income and recent graduate income. Which of the following is the correct statement of the hypotheses? Ho: Po : 0 0 Ha: B0 0 O Ho: P 0 0 Ha: Bo 0 O Ho: P, 1 Ha: B, 1 = 0 0 0 ○ Ho: B, < 0 1 Ha: ß P₁ > 0
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