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Regression Analysis

You are given the following results from computations pertaining to a simple linear regression application.

Y=5,723.0+145x
n= 25
Sb1=10.80

a) based on the statistics supplied, can you conclude that there is a significant linear relationship between x and y? test at a significant level of 0.05
b) interpret the slope coefficient.
c) Develop a 95% confidence interval estimate for the true regression slope and interpret the estimate.

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Solution Summary

You are given the following results from computations pertaining to a simple linear regression application.

Y=5,723.0+145x
n= 25
Sb1=10.80

a) based on the statistics supplied, can you conclude that there is a significant linear relationship between x and y? test at a significant level of 0.05
b) interpret the slope coefficient.
c) Develop a 95% confidence interval estimate for the true regression slope and interpret the estimate.

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