Question: Using the data set Growth, which contains data on average growth rates from 1960 through 1995 for 65 countries, along with variables that are potentially

Using the data set Growth, which contains data on average growth rates from 1960 through 1995 for 65 countries, along with variables that are potentially related to growth but excluding the data for Malta.. A detailed description is given in Growth_Description. , run a regression of Growth on TradeShare. a. Is the estimated regression slope statistically significant? This is, can you reject the null hypothesis H0: b1 = 0 vs. a two-sided alternative hypothesis at the 10%, 5%, or 1% significance level? b. What is the p-value associated with the coefficient's t-statistic? c. Construct a 90% confidence interval for b1.

This is the data set of "Growth"

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 Mathematics Questions!