Consider the following data on y = number of songs stored on an MP3 player and x = number of months the user has owned the MP3 player for a sample of 15 owners of MP3 players. x y 22 485 34 748   2   81 28 581   5 117 32 728 23 445 10 128   4   61 26 476   1   35   8 121 13 266   9 126   5 141

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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Consider the following data on y = number of songs stored on an MP3 player and x = number of months the user has owned the MP3 player for a sample of 15 owners of MP3 players.
x y
22 485
34 748
  2   81
28 581
  5 117
32 728
23 445
10 128
  4   61
26 476
  1   35
  8 121
13 266
  9 126
  5 141
What is the equation of the estimated regression line? (Round your numerical values to four decimal places.)
y = 
Is the simple linear regression model useful for describing the relationship between x and y? Test the relevant hypotheses using a significance level of 0.05. Calculate the test statistic. (Round your answer to two decimal places.)
t = 
 find the P-value for this test? (Round your answer to four decimal places.)
P-value=
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