swordsman
09.08.2021 •
Mathematics
Annual revenues are used to predict the value of a baseball franchise. A sample of 32 franchises was used. An analysis of variance of these data showed that b1 = 5.0952 and Sb 1 = 0.2119.
a. At the 0.05 level of significance, is there evidence of a linear relationship between annual revenue and franchisevalue?
b. Construct a 95% confidence interval estimate of the population slope, β1.
a. Compute the test statistic.
tSTAT=
(Round to four decimal places as needed.)
The critical value(s) is(are)
(Use a comma to separate answers as needed. Round to four decimal places as needed.)
b. The 95% confidence interval is ≤ β1 ≤
(Round to four decimal places as needed.)
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