Question: Consider the following regression results based on 40 observations. Coefficients Standard Error t-stat p-value Intercept 427.93 66.29 6.46 0.0000 X 0.37 0. 17 2 .

Consider the following regression results based on 40 observations. Coefficients Standard Error t-stat p-value Intercept 427.93 66.29 6.46 0.0000 X 0.37 0. 17 2 . 21 0.0335 a. Specify the hypotheses to determine if the slope differs from one. b. Calculate the value of the test statistic. C. At the 5% significance level, find the critical value(s). d. Does the slope differ from one? Explain

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