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2. Suppose the quantity demanded of good (Qu) depends only on the price of the good (P) monthly income (M), and the price of a related good R (PR): Review for Final Test FIN 621/Fall 2018/Dr. Fernandez 7. A simple linear regression equation relates G and H as follows: G- a+bH a. The explanatory variable is , and the dependent variable is b. The slope parameter is and the intercept parameter is c. When H is zero, G equals_ d. For each one unit increase in H, the change in G is units. . The linear regression equation in question 1 above is estimated using 22 observations on G and H. The least-squares estimate of b is -210.4, and the standard error of the estimate is 80.92. Perform a t-test for statistical significance at the 2 percent level of significance a. There aredegrees of freedom for this t-test. 8. b. The value of the t-statistic isThe critical t-value for the test is Is 6 statistically significant The p-value for the t-statistic is 0.017. The p-value gives the probability of rejecting the hypothesis that(b0,b0) when b is truly equal to The exact level of significance for ispercent. c. ? Explain. d. 2. Suppose the quantity demanded of good (Qu) depends only on the price of the good (P) monthly income (M), and the price of a related good R (PR): Review for Final Test FIN 621/Fall 2018/Dr. Fernandez 7. A simple linear regression equation relates G and H as follows: G- a+bH a. The explanatory variable is , and the dependent variable is b. The slope parameter is and the intercept parameter is c. When H is zero, G equals_ d. For each one unit increase in H, the change in G is units. . The linear regression equation in question 1 above is estimated using 22 observations on G and H. The least-squares estimate of b is -210.4, and the standard error of the estimate is 80.92. Perform a t-test for statistical significance at the 2 percent level of significance a. There aredegrees of freedom for this t-test. 8. b. The value of the t-statistic isThe critical t-value for the test is Is 6 statistically significant The p-value for the t-statistic is 0.017. The p-value gives the probability of rejecting the hypothesis that(b0,b0) when b is truly equal to The exact level of significance for ispercent. c. ? Explain. d