Question: You are given the following information from a multiple regression analysis: n = 45, b1 = 7, b2 = 6, Sb1 = 2.5, Sb2 =
You are given the following information from a multiple regression analysis:
n = 45, b1 = 7, b2 = 6, Sb1
= 2.5, Sb2
= 1.5
a. Which variable has the largest slope in units of a t statistic?
b. Construct a 95% confidence interval estimate of the population slope β1.
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.
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