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QUESTION

Dear Professor I am a student from Malaysia facing some economics problems.

Ten data points on Y and X are employed to estimate the parameters in the linear relation Y = a+bX. The computer output from the regression analysis is the following:Pvalue0.0187Parameter StandardPvalue0.00290.0187a. What is the equation of the sample regression line?b. Test the intercept and slope estimates for statistical significance at the 1 percent significance level. Explain how you performed this test and present your results.c. Interpret the p-values for the parameter estimates.d. Test the overall equation for statistical significance at the 1 % significance level. Explain how you performed this test and present your results. Interpret the p-value for the Fstatisticse. If X equals140, what is the fitted (or predicted) value of Y?f. What faction of the total variation in Y is explained by that regression?

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