Unemployed
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978 - 1985.Some economists state that these two variables are positively related.
-A 95% confidence interval for the slope of the population regression line is (2.168,4.897)Explain how to use the confidence interval to test the hypothesis that the population slope is zero using a 0.05 level of significance.
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