I need help with - d) Assuming the residuals are normally distributed, test Ho : β1=0 versus H1 : β1 ≠ 0 at the α = 0.05 level of significance - at the bottom of the page. Thank you!
For the data set shown below.
x y
20 98
30 95
40 89
50 85
60 72
(a) Use technology to find the estimates of β0 and β1.
β0 ≈ b0= 112.6
(Round to two decimal places as needed.)
β1 ≈ b 1equals= −0.62
(Round to two decimal places as needed.)
(b) Use technology to compute the standard error, the point estimate for σ.
se = 3.1833
(Round to four decimal places as needed.)
(c) Assuming the residuals are normally distributed, use technology to determine sb1.
sb1 = 0.1007
(Round to four decimal places as needed.)
d) Assuming the residuals are normally distributed, test Ho : β1=0 versus H1 : β1 ≠ 0 at the α = 0.05 level of significance.
Use the P-value approach.
Ans:
d)
Test statistic:
t=b1/sb1
t=-0.62/0.1007
t=-6.157
df=5-2=3
p-value=tdist(6.157,3,2)=0.0086
As,p-value<0.05,we reject the null hypothesis.
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