Given the Following Statistics of a Multiple Regression Model, Can $x _ { 1 }$

question 57

Essay

Given the following statistics of a multiple regression model, can we conclude at the 5% significance level that $x _ { 1 }$ and y are linearly related?
n = 42, k = 6, $\hat { \beta } _ { 1 }$ = -5.30 $S _ {\hat { \beta } _ { 1 }}$ = 1.5

---

Definitions:

Unit Product Cost

The total cost (direct materials, direct labor, and manufacturing overhead) associated with producing one unit of a product.

Reduced Price

The selling price of a product or service after it has been discounted from the original or standard price.

Annual Financial Advantage

Annual Financial Advantage refers to the financial benefit realized on an annual basis from a particular investment or decision.

Outside Supplier

An external entity that provides goods or services to another company, not affiliated internally.