Suppose that in Exercise 11-24 weight is measured in kg
Chapter 11, Problem 25E(choose chapter or problem)
Suppose that in Exercise 11-24 weight is measured in kg instead of lbs.
How will the estimates of the slope and intercept change?Estimate the error standard deviation.Estimate the standard deviation of the slope.What is the value of the t-statistic for the slope? Compare your answer to the one for Exercise 11-24(c).Test the hypothesis that \(\beta_{1}=0\) at \(\alpha=0.05\). What is the P-value for this test? Compare your answer to the one for Exercise 11-24(d). Comment briefly.
Equation Transcription:
Text Transcription:
beta_1=0
alpha=0.05
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