THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b₀ = 35.6,b₁ = -2.37,s
= 18.9,and s
= 1.28.
-Test H₀ : β₁ = 0 vs.H_a : β₁ < 0 at α = 0.05

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b₀ = 35.6,b₁ = -2.37,s

= 18.9,and s

= 1.28.
-Test H₀ : β₁ = 0 vs.H_a : β₁ < 0 at α = 0.05

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b 0 = 35.6,b 1 = -2.37,s = 18.9,and s = 1.28. -Test H₀ : β₁ = 0 vs.H_a : β₁ < 0 at α = 0.05