Question: Suppose we have the following data on a dependent variable (Y) and a single explanatory variable (X): X Y 0 20 5 40 10 90

Suppose we have the following data on a dependent variable (Y) and a single explanatory variable (X): X Y 0 20 5 40 10 90 Is the simple regression model derived from this data a good or bad model (assume a 0.05 level of significance)? Good Bad

Suppose we have the following data on a dependent variable (Y) and a single explanatory variable (X) : X 020 540 1090 Is the simple regression model derived from this data a good or bad model (assume a 0.05 level of significance)? Good Bad

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