Given Below Are Five Observations Collected in a Regression Study $\alpha$

question 85

Essay

Given below are five observations collected in a regression study on two variables x (independent variable) and y (dependent variable).

a.Develop the least squares estimated regression equation
b.At 95% confidence, perform a t test and determine whether or not the slope is significantly different from zero.
c.Perform an F test to determine whether or not the model is significant. Let $\alpha$ = 0.05.
d.Compute the coefficient of determination.
e.
Compute the coefficient of correlation.

---

Definitions:

Diminishing Marginal Product

The property whereby the marginal product of an input declines as the quantity of the input increases.

Production Function

An equation that describes the relationship between the inputs a firm uses and the output it produces.

Computer Programmers

Individuals who write, test, and maintain the code that allows computer applications and software programs to function properly.

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.