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Compute the standard deviation of errors

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Reference no: EM131685998

Question: The following data give information on the lowest cost ticket price (in dollars) and the average attendance (rounded to the nearest thousand) for the last year for six football teams.

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a. Taking ticket price as an independent variable and attendance as a dependent variable, compute SSxx, SSyy, and SSxy.

b. Find the least squares regression line.

c. Briefly explain the meaning of the values of a and b calculated in part b.

d. Calculate r and r2 and briefly explain what they mean.

e. Compute the standard deviation of errors.

f. Construct a 90% confidence interval for B.

g. Test at the 2.5% significance level whether B is negative.

h. Using the 2.5% significance level, test whether ρ is negative.

Reference no: EM131685998

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