Question: A regression was performed using data on 32 NFL teams. The variables were Y = current value of team (millions of dollars) and X= total

A regression was performed using data on 32 NFL

A regression was performed using data on 32 NFL teams. The variables were Y = current value of team (millions of dollars) and X= total debt held by the team owners (millions of dollars). Variables Intercept Debt Coefficients 557.4511 3.0047 Std. Error 25.3385 0.8820 picture Click here for the Excel Data File (a) Write the fitted regression equation. (Round your answers to 4 decimal places.) y = 557.4511 + 3.0047 X (b) Construct a 95% confidence interval for the slope. (Round your answers to 3 decimal places.) The 95% confidence interval is from 1.203 to 4.806 (c) Choose the appropriate hypotheses and decision rule for a right-tailed t test for zero slope at a = 05. a. Ho: B1 s 0 versus Hi: B1 > 0. Reject the null hypothesis if tcalc 0. Reject the null hypothesis if tcalc>1.697 Ob (d-1) Find the p-value and the t statistic for the slope. (Round your answers to 3 decimal places. Leave no cells blank- be certain to enter "0" whenever required.) t p-value 00 (d-2) We reject the null hypothesis. Yes

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