Use the Following to Answer Questions

question 103

Short Answer

Use the following to answer questions :
The following table lists the monthly incomes (in hundreds of dollars)and the monthly rents paid (in hundreds of dollars)by a sample of six families.

-The null hypothesis is that the slope of the population regression line of monthly rent on monthly income is zero and the alternative hypothesis is that the slope of this population regression line is greater than zero.The significance level is 1%.What is the value of the test statistic,t,rounded to three decimal places?

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Definitions:

Shareholder

An individual or entity that owns a share or shares of stock in a corporation, thus having an interest in its performance and governance.

Stock

Represents ownership in a corporation, entitling the holder to a share of the company's profits and assets.

Right Of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.

Anticipatory Repudiation

A declaration by one party to a contract of their intention not to fulfill their future obligations as agreed.