Given are five observations for two variables, x and y. Excel File: data14-25.xlsx The estimated regression equation is ŷ = 7.6+0.9x. a. What is the value of the standard error of the estimate (to 4 decimals)? b. Test for a significant relationship by using the t test. Use α = 0.05. What is the value of the t test statistic (to 2 decimals)? What is the p-value? Use Table 2 of Appendix B. - Select your answer What is your conclusion (a: = = 0.05)? - Select your answer - xi 2 Yi 7 6913 18 9 20 26 23 Consider the following hypothesis test: Ho: μ≥ 45 Ha: : μ < 45 A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01. a. With 44 and s = 5.2, the p-value is - Select your answer- Can it be concluded that the population mean is less than 45 ? - Select your answer b. With 43 and s = 4.6, the p-value is -Select your answer- Can it be concluded that the population mean is less than 45? - Select your answer- c. With 46 and s = 5, the p-value is -Select your answer Can it be concluded that the population mean is less than 45? - Select your answer -

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
Given are five observations for two variables, x and y.
Excel File: data14-25.xlsx
The estimated regression equation is ŷ = 7.6+0.9x.
a. What is the value of the standard error of the estimate (to 4 decimals)?
b. Test for a significant relationship by using the t test. Use α = 0.05.
What is the value of the t test statistic (to 2 decimals)?
What is the p-value? Use Table 2 of Appendix B.
- Select your answer
What is your conclusion (a: = = 0.05)?
- Select your answer -
xi
2
Yi 7
6913
18 9
20
26 23
Transcribed Image Text:Given are five observations for two variables, x and y. Excel File: data14-25.xlsx The estimated regression equation is ŷ = 7.6+0.9x. a. What is the value of the standard error of the estimate (to 4 decimals)? b. Test for a significant relationship by using the t test. Use α = 0.05. What is the value of the t test statistic (to 2 decimals)? What is the p-value? Use Table 2 of Appendix B. - Select your answer What is your conclusion (a: = = 0.05)? - Select your answer - xi 2 Yi 7 6913 18 9 20 26 23
Consider the following hypothesis test:
Ho: μ≥ 45
Ha:
: μ < 45
A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01.
a. With 44 and s = 5.2, the p-value is - Select your answer-
Can it be concluded that the population mean is less than 45 ?
- Select your answer
b. With 43 and s = 4.6, the p-value is -Select your answer-
Can it be concluded that the population mean is less than 45?
- Select your answer-
c. With 46 and s = 5, the p-value is -Select your answer
Can it be concluded that the population mean is less than 45?
- Select your answer -
Transcribed Image Text:Consider the following hypothesis test: Ho: μ≥ 45 Ha: : μ < 45 A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use a = 0.01. a. With 44 and s = 5.2, the p-value is - Select your answer- Can it be concluded that the population mean is less than 45 ? - Select your answer b. With 43 and s = 4.6, the p-value is -Select your answer- Can it be concluded that the population mean is less than 45? - Select your answer- c. With 46 and s = 5, the p-value is -Select your answer Can it be concluded that the population mean is less than 45? - Select your answer -
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