Compute the value of thenbspfnbspstatistic for the


The following data were collected in an experiment to study the relationship between the speed of a cutting tool in m/s () and the lifetime of the tool in hours (y).

x

1

1.5

2

2.5

3

y

99

96

88

76

66

The least-squares quadratic model is = 101.4000 + 3.371429- 5.1428572 .

a. Using this equation, compute the residuals.

b. Compute the error sum of squares SSE and the total sum of squares SST.

c. Compute the error variance estimate s2 .

d. Compute the coefficient of determination R2 .

e. Compute the value of the statistic for the hypothesis H0 : β1 = β2 = 0. How many degrees of freedom does this statistic have?

f. Can the hypothesis H0 : β1 = β2 = 0 be rejected at the 5% level? Explain.

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Econometrics: Compute the value of thenbspfnbspstatistic for the
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