Question: Use the following information from a multiple regression model: n = 20 b 1 = 4 b 2 = 3 S bi = 1.2 Sb

Use the following information from a multiple regression model:

n = 20 b1 = 4 b2 = 3 Sbi = 1.2 Sb2 = 0.8

a. Which variable has the largest slope, in units of a t statistic? 

b. Construct a 95% confidence interval estimate of the population slope, b1

c. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the independent variables to include in this model.

Step by Step Solution

3.41 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The slope of X 2 in terms of the t statistic is 375 which is large... View full answer

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

Document Format (1 attachment)

Word file Icon

494-M-S-L-R (2932).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!