Annual revenues are used to predict the value of a baseballfranchise. A sample of 32 franchises was used. An analysis ofvariance of these data showed that b1= 5.0785 and Sb1 = 0.2357.
a. At the 0.05 level of? significance, is there evidence of alinear relationship between annual revenue and franchise?value?
b. Construct a? 95% confidence interval estimate of thepopulation? slope, ?1.
a: Compute the test statistic. tSTAT= ?(Round to four decimalplaces as? needed.)
The critical? value(s) is(are) ?(Round to four decimal placesas? needed.)
b: The? 95% confidence interval is ____ ? ?1 ? ____ ?(Round tofour decimal places as? needed.)
