For the data set shown below complete parts a through d below. X 3 4 5 7 8
Y 4 7 8 11 13
a) Find the estimates of βo and β1
(b) Compute the standard error, the point estimate for ơ (Round to four decimal places as needed.)
C. Assuming the residuals are normally distributed, determine β1. (Round to three decimal places as needed)
D. Assuming the residuals are normally distributed, test H0 : β1 = 0 versus H1 : β1 ≠ 0 at the a = 0.5 level of significance. Use the P-value approach.
The p- value for this test is = (Round to three decimal places as needed)
Make a statement regarding the null hypothesis and draw a conclusion for this test.