Question: In the following regression, X = weekly pay, Y = income tax withheld, and n = 35 McDonald's employees. R 2 0.202 Std. Error6.816 n
In the following regression,X= weekly pay,Y= income tax withheld, andn= 35 McDonald's employees.
R20.202
Std. Error6.816
n35
ANOVA tableSource
SS df MS F p-value
Regression 387.6959 1 387.6959 8.35 .0068
Residual 1,533.0614 33 46.4564
Total 1,920.7573 34
Regression output confidence interval
variables coefficients std. error t Stat p-value Lower 95% Upper 95%
Intercept 30.7963 6.4078 4.806 .0000 17.7595 43.8331
Slope 0.0343 0.0119 2.889 .0068 0.0101 0.0584
(a)Write the fitted regression equation.
Y
Y^
=
+
X
(b-1)State the degrees of freedom for a two-tailed test for zero slope, and useAppendix Dto find the critical value at= .05.(Roundt.025to 3 decimal places.)
Degrees of freedom
t.025
(b-2)Choose the correct option forH0:1= 0 vsH1:1 0.
multiple choice 1
- Reject the null hypothesis iftcalc< -2.035 or iftcalc> -2.035
- Reject the null hypothesis iftcalc> 2.035 or iftcalc< -2.035
(c-1)Calculatet.(Round your answer to 3 decimal places.)
tcalc
(c-2)We reject the null hypothesis.
multiple choice 2
- Yes
- No
(d-1)Find the 95% confidence interval for slope.(Round your answers to 4 decimal places.)
Confidence interval is from
to
(d-2)The confidence interval does not contain zero, which implies
multiple choice 3
- there is no relationship between weekly pay and income tax withheld.
- there is a relationship between weekly pay and income tax withheld.
(e)Calculatet2andF.(Round your answers to 2 decimal places.)
t2
Fcalc
(f-1)CalculateR2.(Round your answer to 3 decimal places.)
R2
(f-2)What is the percentage of variation in income tax withheld explained by weekly pay?(Round your answer to the nearest whole number.)
Percentage of variation
%
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