Thirty data points on Y and X are employed to estimate the parameters in the linear relation Y = a +bX. The computer output from the regression analysis is DEPENDENT VARIABLE: R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS: 30 0.5300 13.79 0.0009 VARIABLE PARAMETER STANDARD T-RATIO P-VALUE ESTIMATE ERROR INTERCEPT 93.54 46.210 2.02 0.0526 -3.25 0.875 -3.71 0.0009 The percentage of the total variation in Y NOT explained by the regression is
Thirty data points on Y and X are employed to estimate the parameters in the linear relation Y = a +bX. The computer output from the regression analysis is DEPENDENT VARIABLE: R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS: 30 0.5300 13.79 0.0009 VARIABLE PARAMETER STANDARD T-RATIO P-VALUE ESTIMATE ERROR INTERCEPT 93.54 46.210 2.02 0.0526 -3.25 0.875 -3.71 0.0009 The percentage of the total variation in Y NOT explained by the regression is
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Thirty data points on Y and X are employed to estimate the parameters in the linear
relation
Y = a + bX.
The computer output from the regression analysis is
DEPENDENT
VARIABLE:
R-SQUARE
F-RATIO
P-VALUE ON F
OBSERVATIONS:
30
0.5300
13.79
0.0009
VARIABLE
PARAMETER
STANDARD
T-RATIO
P-VALUE
ESTIMATE
ERROR
INTERCEPT
93.54
46.210
2.02
0.0526
-3.25
0.875
-3.71
0.0009
The percentage of the total variation in Y NOT explained by the regression is
percent,
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