Question: Suppose you fit the second-order model y = b0 + b1 x + b2 x2 + e to n = 30 data points. Your estimate
Suppose you fit the second-order model y = b0 + b1 x + b2 x2 + e to n = 30 data points. Your estimate of b2 is b n 2 = .52, and the estimated standard error of the estimate is .18.
a. Test H0: b2 = 0 against Ha: b2 0. Use a = .05.
b. Suppose you want to determine only whether the quadratic curve opens upward; that is, as x increases, the slope of the curve would increase. Give the test statistic and the rejection region for the test for a = .05. Do the data support the theory that the slope of the curve increases as x increases? Explain.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
