Question: In a simple linear regression based on 30 observations, it is found that b1 = 3.25 and se(b1) = 1.36. Consider the hypotheses: H 0

In a simple linear regression based on 30 observations, it is found that b1 = 3.25 and se(b1) = 1.36. Consider the hypotheses:

H 0 : β 1 = 0 and H A : β 1 ≠ 0.

a. Calculate the value of the test statistic.

b. Find the p-value.

c. At the 5% significance level, what is the conclusion? Is the explanatory variable statistically significant?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Principles Of Managerial Statistics Questions!

Q:

Using the techniques you learned, redesign your Critical Thinking Assignments from Module 2 to make them more complex. Be sure to create a new flowchart for both. Discuss the changes you made to the...

Q:

In a simple linear regression based on 30 observations, it is found that b1 = 3.25 and Consider the hypotheses: H0: 1 = 0 and HA: 1 0. a. Calculate the value of the appropriate test statistic. b....

Q:

In a simple linear regression based on 30 observations, it is found that b1 = 3.25 and se(bj) = 1.36. Consider the hypotheses: H0: 1 = 0 and HA: 1 0. a. Calculate the value of the test statistic. b....

Q:

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

Q:

In a simple linear regression based on 30 observations, it is found that b1 = 7.2 and se(b1) = 1.8. Consider the hypotheses: H 0 : 1 10 and H A : 1

Q:

In a simple linear regression based on 25 observations, it is found that b1 = 0.5 and se(bj) = 0.3. Consider the hypotheses: H0: 1 0 and HA: 1 > 0. a. At the 5% significance level, find the critical...

Q:

In a simple linear regression based on 30 observations, it is found that b; - 3.34 and soy) = 1.92 Consider the hypotheses [You may find it useful to reference the t table.) Mo: 01 and Moe a....

Q:

In a simple linear regression based on 30 observations, it is found that b1 = 7.2 and Consider the hypotheses: H0: 1 lOandHA:1

Q:

In a simple linear regression based on 30 observations, it is found that SSE- 2,633 and SST 13,870. a. Calculate s2 and se (Round your answers to 2 decimal places.) se b. Calculate the coefficient of...

Q:

In a simple linear regression based on 25 observations, it is found that b1 = 0.5 and Consider the hypotheses: H0: 1 0 and HA: 1, > 0. a. Calculate the value of the appropriate test statistic. b. At...

Q:

In a simple linear regression based on 20 observations, it is found b 1 = 3.25 and se(b 1 ) = 1.35. Consider the hypothesis: H 0 : B 1 = 0 and H A : B1 0. Calculate the value of the test statistic.

Q:

Main-course taste scores have been recorded for 48 restaurant diners. Find the appropriate t value from the t table to use for each of the following confidence interval calculations: a. Two-sided 95%...

Q:

Walnut inc. in order to calculate the accounts receivable turnover ratio. According to its latest annual report (2018), the company booked net sales of $495,761 million, while the opening receivable...

Q:

give the complete iteration, no shortcuts, box the final answer

Q:

Bob, John, Linda, and Sue are the finalists in the campus bowling tournament. The winner and the first runner-up will be sent to a statewide competition. (a) List the sample space concerning the...