Thirty observations were used to estimate y = 0 + 1x + . A portion of
Question:
Thirty observations were used to estimate y = β0 + β 1x + .
A portion of the Excel results is as follows:
a. What is the point estimate for β1? Interpret this value.
b. What is the sample regression equation?
c. If x = 30, what isy?
Transcribed Image Text:
Coefficients Standard Error t Stat p-value 487 3.93E-05 4.81 4.65E-05 Intercept 41.82 8.58 0.49 0.10 Coefficients Standard Error t Stat p-value 487 3.93E-05 4.81 4.65E-05 Intercept 41.82 8.58 0.49 0.10
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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