Question: Thirty observations were used to estimate y = 0 + 1x + . A portion of the Excel results is as follows: a. What

Thirty observations were used to estimate y = Î²0 + Î² 1x + .

A portion of the Excel results is as follows:

a. What is the point estimate for Î²1? Interpret this value.
b. What is the sample regression equation?
c. If x = 30, what isy?

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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