The output to the right shows the regression of the 2010 on the 2011 cost of liv

Question

The output to the right shows the regression of the 2010 on the 2011 cost of living index for the most expensive cities in the world in 2011, where Index 2011 is the Predictor response variable. Use output lo Ulg tighillo complele parts a) Ihrough d) below. lercepl ndex 2010 s 3.32 a) State he hypotheses about the slope B1. Ho. The 2011 oust or ving index auty related lo lhe 2010 index. A1 v 0. HA The 2011 cost or living index of a city related to the 2010 index B1 b) Perform the hypothesis test and state your condusion in Dantext Assume a 005 Use model to les he hypothesis Do not round. Find the P-va P-value (lype an integer or decimal rounded to three decimal places as needed Coeff 13.11 896 R-sq-82.8% SE(Coeff atio 0.88 4.66 39 P-value 0.392

Explanation / Answer

Part-a

H0: The 2011 cost of living index of a city is not related to 2010 index,1=0

Ha: The 2011 cost of living index of a city is related to 2010 index,10

Part-b

T=8.39

p-value=0.000

Conclusion:option-A

Part-c-option-B

Part-d-option-D

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