Construct 95 % confidence intervals for the coefficients b1 and b2 from the regression in question 27.

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Construct 95 % confidence intervals for the coefficients b1 and b2 from the regression in question 27.

Question 27

Suppose the economist of question 26 collects the following data.image text in transcribed

(a) Estimate the demand for movie tickets.

(b) Do the coefficients carry the correct signs?

(c) If you were going to use a t-test to test the significance of b1 and b2, should you use a one-tailed or a two-tailed test?

(d) Use a t-test to test the significance of b1 and b2.

Question 26

An economist at the National Academy of Movie Theater Owners wants to estimate the demand for movie tickets. He chooses to estimate the equation.image text in transcribed

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Related Book For  book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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