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Test the hypothesis that the slope

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Reference no: EM132135592

SUMMARY 1                                                                                     

Regression Statistics                                                                         

Multiple R                          0.544749                                                                             

R Square                             0.296752                                                                             

Standard Error                    25967.66                                                                             

Observations                        29                                                                          

ANOVA                                                                                               

                          df                 SS                       MS                       F                      Significance F                        

 Regression        1             7.68E+09             7.68E+09             11.39327             0.002247                             

Residual              27          1.82E+10             6.74E+08                                                             

Total                    28           2.59E+10                                                                           

               Coefficients                      Standard Error                 t Stat                   P-value

 Slope         27.01                                      8.28                         3.16                    0.0037

  1. Test the hypothesis that the slope is 28 against the alternative that it is greater than 28 at the 5% significant level. Write the hypotheses, show the formula and t-value calculation, t-critical, and your decision.
  2. Construct a 95% confidence interval for â2

Reference no: EM132135592

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