Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a regression analysis involving 30 observations, the following estimated regression equation was ob + = 17.6 +3.8%, -2.3x2 + 7.6x3 + 2.784 For this

image text in transcribed
image text in transcribed
In a regression analysis involving 30 observations, the following estimated regression equation was ob + = 17.6 +3.8%, -2.3x2 + 7.6x3 + 2.784 For this estimated regression equation, SST = 1,825 and SSR = 1,790. (a) At a = 0.05, test the significance of the relationship among the variables. State the null and alternative hypotheses. O Ho: B2 = B2 = B3 = B4 = 0 H: One or more of the parameters is not equal to zero. O Ho: Bo = B 1 = B2 = 33 = B4 = 0 H: One or more of the parameters is not equal to zero. O Ho: one or more of the parameters is not equal to zero. Ha: Bo = B 1 = B2 = B3 = B4 = 0 OH: One or more of the parameters is not equal to zero. H: B1 = B2 = By = B4 = 0 Find the value of the test statistic. (Round your answer to two decimal places.) - Find the p-value. (Round your answer to three decimal places.) p-value State your conclusion. Reject Ho. We conclude that the overall relationship is significant Do not reject Ho. We conclude that the overall relationship is not significant Do not reject Ho. We conclude that the overall relationship is significant. Reject Ho. We conclude that the overall relationship is not significant. Suppose variables sxi and Xare dropped from the model and the following estimated regression equatio 9 = 11.1 - 3.6x2 + 8.1X3 For this model, SST = 1,825 and SSR = 1,735. (b) Compute SSE(X- * *) SSEX, *y *3 *4) (b) Compute SSE(X7, X2, X3, *4). SSE(Xqr X2, X3, Xx) = (c) Compute SSE(X2, 3). SSE(X2, X3) = 4 - = (d) Use an F test and a 0.05 level of significance to determine whether x, and X, contribute significantly to the mode State the null and alternative hypotheses. Ho: B2 = 8z = 0 H: : one or more of the parameters is not equal to zero. O Ho: B1 = Ba = 0 H: One or more of the parameters is not equal to zero. O Ho: one or more of the parameters is not equal to zero. HO: B1 = P4 = 0 OH: One or more of the parameters is not equal to zero. H: B = 8z = 0 Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. O Reject Ho. We conclude that x, and X. do not contribute significantly to the model. Reject Ho: We conclude that X, and Xe contribute significantly to the model, Do not reject Ho. We conclude that x, and X4 contribute significantly to the model. O Do not reject Ho. We conclude that x, and we do not contribute significantly to the model

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Financial Accounting

Authors: Carl S. Warren, Jeff Jones, Amanda Farmer

1st Edition

0357507851, 9780357507858

More Books

Students also viewed these Accounting questions

Question

What is overfitting? Why is it so important to watch out for?

Answered: 1 week ago

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago