Question: Refer to Exercise 2 where we are attempting to link

Refer to Exercise 2, where we are attempting to link a company’s annual R & D Budget (x) to the number of patents granted to researchers at the company (y). The estimated regression equation turned out to be ˆy = 3.5 – 1.0x. Can we reject the null hypothesis that the population slope is 0, at the 5% significance level? Explain the implications of your answer.

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