Question

A local ice cream store wanted to see if there was a linear relationship between average temperature on any given day and their ice cream sales. After recording sales and temperatures for 15 randomly selected days they calculated b1 to be equal to 1.24 and a standard error of b1 to be equal to 2.59. Using the appropriate equation, calculate the test statistic is to test if there is a linear relationship between these two variables. Round to two decimal places as necessary. 0.48.

Answer 1

Answer:

the test statistic is  0.48

Step-by-step explanation:

Given that;

sample size n = 15

slope of regression b1 = 1.24

Standard of error SE = 2.59

now,

The hypothesis;

Null hypothesis H₀ : B1 = 0

Alternative hypothesis H₁ : B1 ≠ 0

If there is significant relation between variable x and dependent variable y, the slope will not be equal to zero.

Test Statistic

t = b1 / S.E

we substitute

t = 1.24 / 2.59

t = 0.4787 ≈ 0.48

the test statistic is  0.48