In a simple linear regression based on 25 observations, it is found that b1 = 0.5 and
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In a simple linear regression based on 25 observations, it is found that b1 = 0.5 and se(bj) = 0.3. Consider the hypotheses: H0: β1 ≤ 0 and HA: β1 > 0.
a. At the 5% significance level, find the critical value(s).
b. Calculate the value of the test statistic.
c. What is the conclusion to the test?
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a Thus reject if b c Since 167 1714 we d...View the full answer
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Related Book For 
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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