A data set of 5 observations for Concession Sales per person at a theater and Minutes before the movie begins results in the est
imated regression model ModifyingAbove Sales with caretequals4.2plus0.263 Minutes. The standard error of the regression slope is 0.0453. Complete parts a through d below. a) Compute the value of the t-statistic to test if there is a significant relationship between Sales and Minutes. What are the hypotheses for this test? Upper H 0: ▼ beta 1 rho ▼ less than less than or equals equals greater than or equals greater than not equals 0 Upper H Subscript Upper A: ▼ beta 1 rho ▼ less than less than or equals equals greater than or equals greater than not equals 0
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<span>We have this equation:
</span>
and we need to find the value of x.
First of all, we multiply the whole equation for 1/2, so our goal is to isolate x, therefore:
Next step we must do is to apply <span>logarithms:
</span>
Next, we have to apply identities and then to solve the equation:
Finally, we have the value of x which was our goal. This is the answer for the question above:
</span>
and we need to find the value of x.
First of all, we multiply the whole equation for 1/2, so our goal is to isolate x, therefore:
Next step we must do is to apply <span>logarithms:
</span>
Next, we have to apply identities and then to solve the equation:
Finally, we have the value of x which was our goal. This is the answer for the question above: