Consider the following sample of data. Y 11.8 21.1 26.8 32.4 33.6 X 2.7 3.9 3.8...

Consider the following sample of data.

Y	11.8	21.1	26.8	32.4	33.6
X	2.7	3.9	3.8	5.6	5.7

For this data, we have that:

SXX=
SYY=
SXY=
β^0=
β^1=
The test statistic for the test that β1=0 is:

Solutions

Expert Solution

Sxx = 6.612

Syy = 321.312

Sxy = 43.412

Beta 0 = -3. 3549

Beta 1 = 6.5656

Test statistics = beta 1 / Se(Beta 1) = 6.5656/1.35 = 4.85

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