/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 14.56 In Exercises 14.48-14.57, we rep... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

In Exercises 14.48-14.57, we repeat the information from Exercises 14.12-14.21.

a. Decide, at the 10%significance level, whether the data provide sufficient evidence lo conclude that a is useful for predicting y:

b. Find a 90%confidences interval for the slope of the population regression line.

y=1.75+0.25x

Short Answer

Expert verified

The slope of the population regression line is most likely -0.782to1.282.

Step by step solution

01

Step 1:Given Information (part a)

STEP 1: Determine the null and alternative hypotheses

He:β1=0(Xis not useful for predicting y)

Ha:β1≠0(X is useful for predicting y

STEP 2: Determine the αsignificance level.

The hypothesis test should be run at a significance threshold of 10%, or α=0.10.

02

Step 2:Explanation (part a)

Sny=∑xiyi-∑xi∑yi/n

=34-(12)(10)/4

=34-120/4

=34-30

=4

Sxx=∑xi2-∑xi2/n

=52-(12)2/4

=52-144/4

=52-36

=16

The entire amount of square SST is calculated as follows:

Syy=∑yi2-∑yi2/n

=30-(10)2/4

=30-100/4

=30-25

=5

03

Step 3:Explanation (part a)

SSR stands for the regression sum of squares.

SSR=Sxy2Sxx

=(4)216

=1616

=1

SSE =SST -SSR

=5-1

=4

The slope of the regression line is calculated using the formula,

b1=SxySxx

=416

=0.25

The standard error of the estimate is calculated using the following formula:

se=SSEn-2

=44-2

=1.414213562

≈1.414

04

Step 4:Explanation (part a)

STEP 3: Calculate the test statistic's value

t=b1se/Sxx

=0.251.414/16

=0.250.3535

=0.709219858

≈0.71

STEP 4: Repeat Step 2 with α=0.10. For n=4,

df=n-2

=4-2

=2

05

Step 5:Conclution (part a)

We discovered the crucial values by using technology ±tӬ2=±tcos=±2.920.

Or

STEP 4: The test statistic's value is t=0.71as determined in Step 3. The P-value is the probability of seeing a value of t of 0.71or larger in magnitude if the null hypothesis is true, because the test is two-tailed. We get the P=0.5527using technology.

STEP 5: The test statistic's value is lower than the crucial value. H0i.e. t=0.71<teos,2=2.920is not rejected.

Or

STEP 5: Since the P-value is =0.5527>α=0.10, the next step is to calculate the alpha. The null hypothesis, H0, is not rejected.

STEP 6: The data do not provide sufficient evidence to determine that the slope of the population regression line is not o, and hence the variable x is not useful for predicting the variable y at the 10% significance level.

06

Given Information (part b)

STEP 1: α=0.10for a 90%confidence interval. Since n=4

df=n-2

=4-2

=2

ta/2=t0.10/2=te.05=2.920comes from technology.

STEP 2: For β1 the formula for finding the end points of the confidence interval is

⇒b1±ta2×seSxx

We have b1=0.25,

se=1.414

Sxx=16

So, 0.25±2.920×1.41416

Or 0.25±1.03222,-0.7822or to 1.2822

STEP 3:

Interpretation: The slope of the population regression line is most likely between-0.782 and 1.282.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Study anywhere. Anytime. Across all devices.