3.6 Let Y1,c, Yn be i.i.d. draws from a distribution with mean m. A test of H0:...

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3.6 Let Y1,c, Yn be i.i.d. draws from a distribution with mean m. A test of H0: m = 10 vs. H1: m  10 using the usual t-statistic yields a p-value of 0.07.

a. Does the 90% confidence interval contain m = 10? Explain.

b. Can you determine if m = 8 is contained in the 95% confidence interval? Briefly explain your answers.

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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