Question: 11. P-value for H : P, = 0: a. P-value is a probability of something. Explain in detail what exactly happens with this probability in

11. P-value for H : P, = 0: a. P-value is

11. P-value for H : P, = 0: a. P-value is a probability of something. Explain in detail what exactly happens with this probability in a context of OLS regression. b. You are given x data of size n. Describe formally Monte Carlo algorithm for checking your explanation in (a)

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