The regression equation is Ý= 29.29 – 0.96X, the sample size is 8, and the standard error of the slope is 0.22. We wish to testwhether the slope in the population is different from zero using a level of significance of 0.01. What conclusion should be reached?Multiple ChoiceFail to reject the null hypothesis.Reject the null hypothesis and conclude the slope is equal to zero.Reject the null hypothesis and conclude the slope is not equal to zero.Fail to reject the null hypothesis and conclude the slope is equal to zero.

Given that Sample size n = 8 Standard error of slope = 0.22 Level of significance = 0.01

Answered: The regression equation is Ý = 29.29 –…

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 17HP

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The regression equation is Ý = 29.29 – 0.96X, the sample size is 8, and the standard error of the slope is 0.22. We wish to test whether the slope in the population is different from zero using a level of significance of 0.01. What conclusion should be reached?