Given below are seven 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 0.05.
d.Compute the coefficient of determination.
Definitions:
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity and health of the company.
Current Ratio
The Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets, indicating its financial health.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business.
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