Two variables measured for each of 15 teams from two fishing cooperatives were y = total catch
Question:
For Information: Refer to the Bulletin of Marine Science (April 2010) study of teams of fishermen fishing for the red spiny lobster in Baja California Sur, Mexico, Exercise 2.124.
a. Graph the data in a scatter plot. What type of trend, if any, do you observe?
b. A simple linear regression analysis was conducted using XLSTAT. A portion of the regression printout is shown on the next page. Find the estimates of β0 and β1 on the printout.
c. If possible, give a practical interpretation of the estimate of β0. If no practical interpretation is possible, explain why.
d. If possible, give a practical interpretation of the estimate of B1. If no practical interpretation is possible, explain why.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich