x 3, 4, 5, 7, 8 y 3, 7, 6, 13, 14 (a) Find the estimates of Boand B1. Bo=bo= _____ (Round to three decimal places as needed.)B1=b1= ______(Round to four decimal places as needed.)
(b) Compute the standard error the point estimate for se=____
(c) Assuming the residuals are normally distributed, determineSb1=____ (Round to four decimal places as needed.)
(d) Assuming the residuals are normally distributed, test HoB1=0versus H1:B1/=0 at the a=0.05 level of significance. Use theP-value approach. The P-value for this test is _____. (Round tothree decimal places as needed.) Make a statement regarding thenull hypothesis and draw a conclusion for this test. Choose thecorrect answer below. A. Reject Ho. There is sufficient evidence atthe a= 0.05 level of significance to conclude that a linearrelation exists between x and y. B. Reject Ho. There is notsufficient evidence at the a= 0.05 level of significance toconclude that a linear relation exists between x and y. C. Do notreject Ho. There is not sufficient evidence at the a= 0.05 level ofsignificance to conclude that a linear relation exists between xand y. D. Do not reject Ho. There is sufficient evidence at the a=0.05 level of significance to conclude that a linear relationexists between x and y.
