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The Excel output above is from a regression of the percentage of potato chips broken versus the percentage of potato content in those chips. Use the output to answer the following questions.

1. What is the value of bo?

2. What is the value of bị?

3. What is the se(b1)?

4. Calculate the absolute value of the test statistic for b1.

5. What is the goodness of fit (as a percentage)?

6. What is the correlation?

7. Would you (A) reject or (B) not reject the hypothesis that B1=0?

Fig: 1

Fig: 2