Perform a least-squares regression of the logarithm of the 1980 fish price on the 1970 fish price,
Question:
a. Test the null hypothesis that the slope β1 is less than 2.0 at level α0 = 0.01.
b. Find a 90 percent confidence interval for the slope β1.
c. Find a 90 percent prediction interval for the 1980 price of a species that cost 21.4 in 1970.
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In this problem we are asked to regress logarithm of 1980 fish price on the 1970 fish price It would ...View the full answer
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Related Book For 
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
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