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Suppose you want to test whether consumption and income are linearly related using the estimates from your regression model. The standard error of the slope

Suppose you want to test whether consumption and income are linearly related using the estimates from your regression model. The standard error of the slope is 0.148. Set=0.01

=0.01. What is your conclusion?

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Fail to reject the null hypothesis because 5.07>3.707.

Reject the null hypothesis because -2.53>-4.032.

Reject the null hypothesis because 4.22>4.032.

Reject the null hypothesis because 4.22>3.707.

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