Given the regression output below and a significance level of 99%, can we reject the null hypothesis that bl=0? call: Im(formula = Sales - spend, data - dataset) Residuals: Min -3385 -2097 1Q Median 258 30 мах 1726 3034 coefficients: Estimate std. Error t value Pr(>[t|) 0.296 (Intercept) 1383. 4714 1255.2404 1.102 Spend 10. 6222 0.1625 65. 378 1.71e-14 *** signif. codes: 0 ***** 0.001 ***' 0.01 **' 0.05 '.' 0.1 ·'1 Residual standard error: 2313 on 10 degrees of freedom Multiple R-squared: 0.9977, Adjusted R-squared: 0.9974 F-statistic: 4274 on 1 and 10 DF, p-value: 1.707e-14 Yes Cannot determine with the available data No

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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Given the regression output below and a significance level of 99%, can we reject
the null hypothesis that bl=0?
call:
Im(formula = Sales - spend, data = dataset)
Residuals:
Min
1Q Median
3Q
258 1726
мах
-3385 -2097
3034
coefficients:
Estimate std. Error t value Pr(>|t|)
(Intercept) 1383.4714 1255. 2404 1.102 0.296
0.1625 65. 378 1.71e-14 ***
Spend
10. 6222
signif. codes: 0 ****' 0.001 **' 0.01 **' 0.05 '.' 0.1 ''1
Residual standard error: 2313 on 10 degrees of freedom
Multiple R-squared: 0.9977, Adjusted R-squared: 0.9974
F-statistic: 4274 on 1 and 10 DF, p-value: 1.707e-14
Yes
Cannot determine with the available data
No
Transcribed Image Text:Given the regression output below and a significance level of 99%, can we reject the null hypothesis that bl=0? call: Im(formula = Sales - spend, data = dataset) Residuals: Min 1Q Median 3Q 258 1726 мах -3385 -2097 3034 coefficients: Estimate std. Error t value Pr(>|t|) (Intercept) 1383.4714 1255. 2404 1.102 0.296 0.1625 65. 378 1.71e-14 *** Spend 10. 6222 signif. codes: 0 ****' 0.001 **' 0.01 **' 0.05 '.' 0.1 ''1 Residual standard error: 2313 on 10 degrees of freedom Multiple R-squared: 0.9977, Adjusted R-squared: 0.9974 F-statistic: 4274 on 1 and 10 DF, p-value: 1.707e-14 Yes Cannot determine with the available data No
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