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Show transcribed image text Dependent variable = Y = Shipping Cost in dollars Explanatory Variable = X = Weight of package in pounds Compute the Sums of Squares: SSxx= SSyy= 631.8 SSxy= 409.2 Compute the estimated regression coefficients,b0 and b1 b0= b1= Test the hypothesis: Ho: b, = 0 against H1: b, 0 using the F test. ANOVA What conclusion do you draw from this test? Can you reject H5? If so at what significance(alpha) level? In one interpret the slope coefficient, b1 which you calculated above. Report R2 the coefficient of determination for this model. Interpret this value. Report S2. the standard error of estimate for this model. Report the estimated simple correlation coefficient. Interpret this value. Calculate the predicted value of Y. Yhat. when X = 4. Calculate a 95% confidence interval estimate for an individual value of Y when X = 4.
Dependent variable = Y = Shipping Cost in dollars Explanatory Variable = X = Weight of package in pounds Compute the Sums of Squares: SSxx= SSyy= 631.8 SSxy= 409.2 Compute the estimated regression coefficients,b0 and b1 b0= b1= Test the hypothesis: Ho: b, = 0 against H1: b, 0 using the F test. ANOVA What conclusion do you draw from this test? Can you reject H5? If so at what significance(alpha) level? In one interpret the slope coefficient, b1 which you calculated above. Report R2 the coefficient of determination for this model. Interpret this value. Report S2. the standard error of estimate for this model. Report the estimated simple correlation coefficient. Interpret this value. Calculate the predicted value of Y. Yhat. when X = 4. Calculate a 95% confidence interval estimate for an individual value of Y when X = 4.
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