Question: Refer to Exercise 7.17 relating to wildcat activity. a. Is each of the estimated slope coefficients individually statistically significant at the 5 percent level? b.

Refer to Exercise 7.17 relating to wildcat activity.
a. Is each of the estimated slope coefficients individually statistically significant at the 5 percent level?
b. Would you reject the hypothesis that R² = 0?
c. What is the instantaneous rate of growth of wildcat activity over the period 1948–1978? The corresponding compound rate of growth?

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