Suppose you fit the second-order model y = 0 + 1x + 2x2 + to n

Question:

Suppose you fit the second-order model
y = β0 + β1x + β2x2 + ε
to n = 25 data points. Your estimate of β2 is 2 = .47, and the estimated standard error of the estimate is .15.
a. Test H0: β2 = 0 against Ha: β2 ≠ 0. Use α = .05.
b. Suppose you want to determine only whether the quadratic curve opens upward; that is. as x increases, the slope of the curve increases. Give the test statistic and the rejection region for the test for α = .05. Do the data support the theory that the slope of the curve increases as x increases? Explain.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

Question Posted: