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Interpret the value of the test statistic t

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An auto dealer is interested in modelling the relationship between the number of cars sold each week, y, and the number of salespeople who work on the showroom floor, x. On the basis of data for the last 5 weeks, the following regression equation is derived: y = 11,400 + 1.8x, r2 = 0.92 and t = 5.83 (3 degrees of freedom)

Interpret the value of the test statistic t = 5.83

Reference no: EM132859694

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