When estimating a multiple linear regression model based on 30 observations, the following results were obtained. a.

Question:

When estimating a multiple linear regression model based on 30 observations, the following results were obtained.


When estimating a multiple linear regression model based on 30


a. Specify the hypotheses to determine whether x1 is linearly related to y. At the 5% significance level, use the p-value approach to complete the test. Are x1 and y linearly related?
b. What is the 95% confidence interval for β2 ? Using this confidence interval, is x2 significant in explaining y? Explain.
c. At the 5% significance level, can you conclude that β1 is less than 20? Show the relevant steps of the appropriate hypothesistest.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: