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Use the Data Given Below to Answer the Following Question(s)

Question 17

Multiple Choice

Use the data given below to answer the following question(s) .
Following is an extract from the database of a construction company.The table shows the height of walls in feet and the cost of raising them.The estimated simple linear regression equation is given as Ŷ = b0 + b1X.(Hint: Use Excel functions) .
 Height  (ft)   Cost ($)  46703430781091100679088805760111200\begin{array} { | r | r | } \hline \begin{array} { l } \text { Height } \\\text { (ft) }\end{array} & \text { Cost (\$) } \\\hline 4 & 670 \\\hline 3 & 430 \\\hline 7 & 810 \\\hline 9 & 1100 \\\hline 6 & 790 \\\hline 8 & 880 \\\hline 5 & 760 \\\hline 11 & 1200 \\\hline\end{array}
-While testing hypotheses for regression coefficients, the t-test for the slope is expressed as:


A) t = b10 standard error \frac { b 1 - 0 } { \text { standard error } }

B) t = b10b0+b1\frac{b_{1}-0}{b_{0}+b_{1}}

C) t = b1b0b1\frac{b_{1}}{b_{0}-b_{1}}

D) t =  (standard error)  2b0b1\frac { \text { (standard error) } ^ { 2 } } { b _ { 0 } - b _ { 1 } }

Correct Answer:

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