Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.1 - Assess Your Understanding - Applying the Concepts - Page 690: 16d

Answer

$s_{b_1}=0.00460$

Work Step by Step

$s_e=0.1121$ (item (b)) To find $s_x$: Using the EXCEL, enter the Tar values in the column A. In A14 enter "=STDEV.S(A1:A13)" $s_x=7.034$ $s_{b_1}=\frac{s_e}{\sqrt {∑(x_i-x ̅)^2}}=\frac{s_e}{\sqrt {n-1}s_x}$ (see note on page 684) $s_{b_1}=\frac{0.1121}{\sqrt {13-1}\times7.034}=0.00460$
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