regression equation is $Y=30+2.59X$, the sample size is 14, and the standard error of the slope is 0.97. What is the test statistic to test whether the slope positive? Assume a level of significance of 0.01.
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The regression equation is $Y = 30 + 2.59X$. The estimated slope coefficient is $b_1 = 2.59$. The sample size is $n = 14$. The standard error of the slope is $SE(b_1) = 0.97$. The level of significance is $\alpha = 0.01$. We need to test whether the slope is Show more…
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