Answer the following questions based on Section 2.5: Model interpretation.

Consider the following data:

X 1.1 1.4 1.8 2.5 3.2
Y 3.8 5.7 6.9 8.1 10.0
Use statistical software to fit a simple linear regression model with response variable, Y, and predictor variable, X. Use the fitted model to answer the following questions.

1. 

What conclusion do we draw from the slope p-value of 0.004 at a 5% significance level?

2. 

How do we interpret the estimated slope parameter, b1-hat = 2.7?

3. 

How do we interpret the regression standard error, s = 0.5654?

4. 

How do we interpret the coefficient of determination, R2 = 0.9566?

5. 

Which of the following plots provides a useful graphical representation of the model?

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