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The Following 10 Observations of Variables X and Y Were

Question 258

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The following 10 observations of variables x and y were collected. The following 10 observations of variables x and y were collected. a.Calculate the standard error of estimate. b.Test to determine if there is enough evidence at the 5% significance level to indicate that x and y are negatively linearly related. c.Calculate the coefficient of correlation,and describe what this statistic tells you about the regression line.
a.Calculate the standard error of estimate.
b.Test to determine if there is enough evidence at the 5% significance level to indicate that x and y are negatively linearly related.
c.Calculate the coefficient of correlation,and describe what this statistic tells you about the regression line.

Correct Answer:

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a. sε = 1.322
b. H0: β1 = 0 vs.H0: β1 < 0 R...

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