Annual revenues are used to predict the value of a baseball franchise. A sample of 32 franchises was used. An analysis of variance of these data showed that b1 = 5.0952 and Sb 1 = 0.2119. a. At the 0.05 level of​ significance, is there evidence of a linear relationship between annual revenue and franchise​value?
b. Construct a​ 95% confidence interval estimate of the population​ slope, β1.
a. Compute the test statistic.
tSTAT=
​(Round to four decimal places as​ needed.)
The critical​ value(s) is(are)
​(Use a comma to separate answers as needed. Round to four decimal places as​ needed.)
b. The​ 95% confidence interval is ≤ β1 ≤
​(Round to four decimal places as​ needed.)