Use the Following to Answer Questions

question 73

Short Answer

Use the following to answer questions :
For a data set of 10 values of x and y,the value of = 86,the standard deviation of errors for the regression of y on x is 3.662,and the value of b is 3.00.
For the purpose of running a hypothesis test,the null hypothesis is that the slope of the population regression line of y on x is zero and the alternative hypothesis is that the slope of this population regression line is different from zero.The significance level is 5%.
-What is the value of the test statistic,t,rounded to three decimal places?

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Definitions:

Business Model

The method by which a company generates revenue to sustain itself.

Exclusive Lines

Products or services available for sale only through specific channels or retailers, often to maintain quality or brand prestige.

Transparent Pricing

A pricing strategy where businesses clearly communicate price components and the cost of production to customers, fostering trust and understanding.

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, in economic, social, cultural, or other contexts.