The hypothesis test will evaluate the Century National Bank data set to determine if a relationship exists between the two variables. The hypothesis test of r2 will attempt to predict if r2 is larger than zero. The variables to be tested from the data set is whether or not there is a relationship between the number of bank services used and account balances. The research hypothesis is stated as:
Ho: p = 0, there is no relationship between the number of bank services and account balances.
Ho: p =/ 0, there is a relationship between the number of bank services and account balances.
A.Perform a regression hypothesis test on the data.
B.Interpret the results of your regression hypothesis test.
(see attachment for data set)
The solution provides step by step method for the calculation of regression model . Formula for the calculation and Interpretations of the results are also included.