Question

PLEASE ANSWER ASAP

WILL GIVE A THUMBS UP

A website that rents movies online recorded the age and the number of movies rented during the past month for six of their customers. A summary of some of the regression results is given below. Find the standard error of the regression slope. Show all three values that go into the calculation. Variable Age Rentals Mean -0.297 7.67 StDev 13.486 4.179 Rentals = 20.616 - 0.297 Age R-squared = 91.6% s= 1.357 with 6-2 = 4 degrees of freedom What three values are used in the calculation? Pe

Answer 1

Sol:

From output

se=1.357

SE(b1)=se/sqrt(n-1)*sx

=1.357/(sqrt(6-1)*4.179)

0.1452187

ANSWERS:

se=1.357

SE(b1)=0.145