# Simple Linear Regression Analysis

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In New Jersey, Banks have been charged with withdrawing from countries having a high percent of minorities. To substantiate this charge, P.D. Ambrosio and S Chambers (1995), present in the data in shown at the bottom:

A.) Determine if there is significant relationship between X and Y.

B.) Describe the exact nature of any relationship that exists between X and Y. HINT: estimate B1 by a point estimate and a confidence interval.

The New Jersey Bank Data Set

County % of Minority Population, x Number of Residents per Bank Branch, y

Atlantic 23.3 3073

Bergen 13.0 2095

Bulington 17.8 2905

Camden 23.4 3330

Cape May 7.3 1321

Cumberland 26.5 2557

Essex 48.8 3474

Gloucester 10.7 3068

Hudson 33.2 3683

Hunterdon 3.7 1998

Mercer 24.9 2607

Middlesex 18.1 3154

Monmouth 12.6 2609

Morris 8.2 2253

Ocean 4.7 2317

pasaic 28.1 3307

Salem 16.7 2511

Somerset 12.0 2333

Sussex 2.4 2568

Union 25.6 3048

Warren 2.8 2349.

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##### Solution Summary

The solution provides step-by-step method for the calculation of significance of slope and confidence interval for slope. Formula for the calculation and Interpretations of the results are also included.

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