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?

---

Definitions:

Cash Payments Journal

An accounting ledger that tracks all cash payments made by a business, including expenses, debt payments, and purchases.

Control Account

A general ledger account that summarizes and controls the detailed data recorded in subordinate ledger accounts.

Subsidiary Ledger

A detailed ledger containing all account details and transactions for individual component accounts that roll up into a general ledger summary account.

Special Journals

Accounting books designed for recording specific types of transactions in a detailed and efficient manner.