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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 29

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in exploring the relationship between the income of professors (measured in thousands of dollars)and the number of years they have been employed by the university.You collect the following data from eight professors.
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: You are interested in exploring the relationship between the income of professors (measured in thousands of dollars)and the number of years they have been employed by the university.You collect the following data from eight professors. -Test the hypotheses H<sub>0</sub> : β<sub>1</sub> = 0 vs.H<sub>1</sub> : β<sub>1</sub> ≠ 0 using the F statistic.
-Test the hypotheses H0 : β1 = 0 vs.H1 : β1 ≠ 0 using the F statistic.

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F-statistic = 19.655,p-value =...

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