Statistics for Business & Economics, Revised (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 16.1, Problem 4E

A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized.

y = β0 + β1x + ε

where

y = traffic flow in vehicles per hour

x = vehicle speed in miles per hour

The following data were collected during rush hour for six highways leading out of the city.

Traffic Flow (y) Vehicle Speed (x)
1256 35
1329 40
1226 30
1335 45
1349 50
1124 25
  1. a. Develop an estimated regression equation for the data.
  2. b. Use α = .01 to test for a significant relationship.
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Statistics for Business & Economics, Revised (MindTap Course List)

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