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A data set of 5 observations for Concession Sales per

A data set of 5 observations for Concession Sales per person ($) at a theater and Minutes before the movie begins results in the following estimated regression model:

Sales = 4.3 + 0.265 Minutes.

The standard error of the regression slope is 0.0454.

a) Compute the value of the t- statistic to test if there is a significant relationship between Sales and Minutes.

b) What are the degrees of freedom associated with the t- statistic?

c) What is the P- value associated with the t- statistic?

d) At α = .05, can you reject the standard null hypothesis for the slope? Explain.

Sales = 4.3 + 0.265 Minutes.

The standard error of the regression slope is 0.0454.

a) Compute the value of the t- statistic to test if there is a significant relationship between Sales and Minutes.

b) What are the degrees of freedom associated with the t- statistic?

c) What is the P- value associated with the t- statistic?

d) At α = .05, can you reject the standard null hypothesis for the slope? Explain.

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