Mathematics, 17.07.2020 01:01 charlesiarenee0
An automobile dealer wants to see if there is a relationship between monthly sales and the interest rate. A random sample of 4 months was taken. The results of the sample are presented below. The estimated least squares regression equation is: Y X Monthly Sales Interest Rate (In Percent) 22 9.2 20 7.6 10 10.4 45 5.3 a. Obtain a measure of how well the estimated regression line fits the data. b. You want to test to see if there is a significant relationship between the interest rate and monthly sales at the 1% level of significance. State the null and alternative hypotheses. c. At 99% confidence, test the hypotheses using a t-test. d. Predict the value of monthly sales when interest rate is 10%. e. When interest rate increases 5%, how will y change?
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An automobile dealer wants to see if there is a relationship between monthly sales and the interest...
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