Answer the following questions using the data from Problem 14.53: a. Using = 0.05, test the

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Answer the following questions using the data from Problem 14.53:

PSL Spending PSL Spending 1 13.52 15.9 7 38.58 21.34 19.59 37.12 1 9.22 13.31 3. 1, 3. 3.

a. Using α = 0.05, test the significance of the regression slope.

b. Construct a 95% confidence interval for the population slope.

c. What conclusions about PSL purchases and spending can be drawn from these results?

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Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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Question Posted: Nov 05, 2019 05:45 AM

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Answer the following questions using the data from Problem 14.53: a. Using = 0.05, test the

Question:

PSL Spending PSL Spending 1 13.52 15.9 7 38.58 21.34 19.59 37.12 1 9.22 13.31 3. 1, 3. 3.

Step by Step Answer:

a H 0 1 0 H 1 1 0 SSE 23452 n 8 x 3 s e 6252 b b 1 43875 s b 1105 df 6 t 2 2447 CI 43875 2447 11...View the full answer

Business Statistics

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