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An economist wanted to investigate the relationship between

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An economist wanted to investigate the relationship between office rents (the dependent variable) and vacancy rates. Accordingly, he took a random sample of monthly office rents and the percentage of vacant office space in 30 different cities.

  • a. What is the standard error of estimate? Interpret its value.
  • b. Describe how well the memory test scores and length of television commercial are linearly related.
  • c. Are the memory test scores and length of commercial linearly related? Test using a 5% significance level.
  • d. Estimate the slope coefficient with 90% confidence.

Reference no: EM13636024

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