THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The following regression statistics are given: sample size is 40,SST = 1000,and the correlation between x and y is 0.70.
-Use a simple regression model to test the hypothesis: H₀ : β₁ = 0 vs.H₁ : β₁ ≠ 0 ,with α = 0.05

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The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: The following regression statistics are given: sample size is 40,SST = 1000,and the correlation between x and y is 0.70. -Use a simple regression model to test the hypothesis: H₀ : β₁ = 0 vs.H₁ : β₁ ≠ 0 ,with α = 0.05