In: Statistics and Probability
The following data give the number of hours 5 5 students spent studying and their corresponding grades on their studying. Hours Studying 2, 2, 4, 5, 6 Grades 62, 64, 68, 73, 78 Step 1 of 5: Calculate the sum of squared errors (SSE). Use the values b0 = 55.3436 and b1 = 3.5938 for the calculations. Round your answer to three decimal places. Step 2 of 5: Calculate the estimated variance of errors, s2e. Round your answer to three decimal places. Step 3 of 5: Calculate the estimated variance of slope, s2b1. Round your answer to three decimal places. Step 4 of 5: Construct the 95% confidence interval for the slope. Round your answers to three decimal places. Step 5 of 5: Construct the 99% confidence interval for the slope. Round your answers to three decimal places.