Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose you fit the first-order multiple regression model Y = B 0 + B 1 X 1 + B 2 X 2 + e to
Suppose you fit the first-order multiple regression model
Y = B0+ B1X1+ B2X2+ e
to n = 25 data points and obtain the prediction equation
Y = 21.25+ 2.96X1+ 2.3X2
The estimated standard deviations of the sampling distributions of B1and B2are 0.50 and 0.33, respectively.
a. Test H0: B1= 0 against Ha: B1> 0. Use Alpha = 0.10.
to find this out determine test statistic and P-value
b. Find a 95% confidence interval for B1.
c. Interpret the interval.
We are ___% confident that the true value of B2 lies in this interval
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started