Ted123
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[PLAIN]http://img705.imageshack.us/img705/1016/20481574.jpg
Is there any way of reading the intercept and the slope of the least squares regression line from the R output here?
Also assuming the simple linear regression model Y=\beta_0+\beta_1 X + \varepsilon where \varepsilon \stackrel {\text{i.i.d.}}{\sim} N(0,\sigma^2) and X are the ages of the buses and Y the maintenance costs, how can I determine whether X and Y are significantly statistically related?
The correlation coefficient is r=0.93 which implies there is strong positive linear correlation between X and Y but does this mean they are significantly statistically related or can I use something else to determine this?
Is there any way of reading the intercept and the slope of the least squares regression line from the R output here?
Also assuming the simple linear regression model Y=\beta_0+\beta_1 X + \varepsilon where \varepsilon \stackrel {\text{i.i.d.}}{\sim} N(0,\sigma^2) and X are the ages of the buses and Y the maintenance costs, how can I determine whether X and Y are significantly statistically related?
The correlation coefficient is r=0.93 which implies there is strong positive linear correlation between X and Y but does this mean they are significantly statistically related or can I use something else to determine this?
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