In a simple linear regression based on 30 observations, it is found that b1 7 2 and se(bj) 1 8 Consider the hypotheses H0 1 10 and HA 1 10 a At the 5 significance level, find the critical value(s) b Calculate the value of the test statistic c What is the conclusion to the test

Question: In a simple linear regression based on 30 observations, it is found that b1 = 7.2 and se(bj) = 1.8. Consider the hypotheses: H0: 1

In a simple linear regression based on 30 observations, it is found that b1 = 7.2 and se(bj) = 1.8. Consider the hypotheses: H0: β1 ≥ 10 and HA: β1 < 10.

a. At the 5% significance level, find the critical value(s).

b. Calculate the value of the test statistic.

c. What is the conclusion to the test?

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