Question: solve this clearly Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression. Price = 650.8 - 1,98 x Weight,

solve this clearly

Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression. Price = 650.8 - 1,98 x Weight, (185.8) (0.28) where Price measures the price of the / bike in dollars and Weight measures the weight of the / bike in kilograms. The 99% confidence interval for the intercept. Ap, will be (].[J. (Round your answers to two decimal places.) The 99% confidence interval for the slope, , . will be (].) (Round your answers to two decimal places. Enter a minus sign if your answer is negative.) Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will the hypothesis Po = 165, and we will the hypothesis , = - 1

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