Clear conclusion about the effectiveness of the model

Assignment Help Basic Statistics
Reference no: EM132856730

Computer output for fitting a simple linear model is given below. State the value of the sample slope for this model and give the null and alternative hypotheses for testing if the slope in the population is different from zero. Identify the p-value and use it (and a 5% significance level) to make a clear conclusion about the effectiveness of the model.

The regression equation is Y?=86.8-0.0158X

Predictor Coef SE Coef T P

Constant 86.82 12.46 6.97 0.000

X -0.01578 0.01315 -1.20 0.245

What is the sample Slope?

What is the p-value?

Reference no: EM132856730

Questions Cloud

What is the income statement impact of the lease : What is the income statement impact of the lease for 2020? Hawkeye Air has an incremental borrowing rate of 4.3%. Hawkeye Air has an option to renew the lease.
Put two chips down for bet : A field bet in craps occurs when a player places a bet on a single roll of the dice. The following can occur in a field bet:
Identify any effects the lease arrangement : Hawkeye Air, Identify any effects the lease arrangement and the associated reporting would have on the statement of cash flows for 2020.
MITS5001 IT Project Management Assignment : MITS5001 IT Project Management Assignment Help and Solution, Victorian Institute of technology - Assessment Writing Service
Clear conclusion about the effectiveness of the model : Identify the p-value and use it (and a 5% significance level) to make a clear conclusion about the effectiveness of the model.
Find the future value of the annuity due : Find the future value of the annuity due if her first $400 is invest now. What if your friend Anne is planning to invest $400 each year for four years
What do you suggest in view of the past amortization policy : Management called upon you to approve the loan. What do you suggest in view of the past amortization policy of the company
What is the test statistic z : The company sponsored a survey of 194 customers and found that 133 customers were satisfied.
Is profitable to replace the? year-old machine : Your? company's tax rate is 40%?, and the opportunity cost of capital for this type of equipment is 11%. Is it profitable to replace the? year-old machine?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd