Consider the data set of appraised house values given in DS 12 2 4 (a) What is the standard error of 1 (b) Construct a two sided 99 confidence interval for the slope parameter 1 (c) Test the null hypothesis H0 1 0 Interpret your answers

Question: Consider the data set of appraised house values given in DS 12.2.4. (a) What is the standard error of 1? (b) Construct a two-sided 99%

Consider the data set of appraised house values given in DS 12.2.4.
(a) What is the standard error of β1?
(b) Construct a two-sided 99% confidence interval for the slope parameter β1.
(c) Test the null hypothesis H0: β1 = 0. Interpret your answers.

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