Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales
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Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales (y). The estimated regression equation there was ŷ = 90 – 4x. Can we reject the null hypothesis that the population slope, is 0 at the 1% significance level? Explain the implications of your answer.
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The estimated regression equation is 90 4 x x y y 2 x 2 12 50 42 64 1275 2 2025 4 ...View the full answer
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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