A recent article in a national business magazine reports that a strong linear connection appears to exist

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A recent article in a national business magazine reports that a strong linear connection appears to exist between regional unemployment rates and property crime. The following data were collected from four sample regions to support this position:

The estimated regression equation turns out to be ŷ = 40 + 15x. Can we use the sample data here to reject a β = 0 null hypothesis at the 5% significance level? Explain the implications of your decision.

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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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