The estimated regression equation between sales data (Y in $1,000s) and advertising data (x in $100s) results
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Question:
The estimated regression equation between sales data (Y in $1,000s) and advertising data (x in $100s) results the following: Y = 12 + 1.8 x.
n = 17
SSR = 225
SSE = 75
Sb1 = 0.2683
What is the critical t value for testing the significance of the slope at 95% confidence?
Expert Answer:
To test the significance of the slope b1 in a regression model at a 95 confidence level we need to c... View the full answer
Related Book For 
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date:
