Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Using 143 observations, assume that you had estimated a simple regression function and that your estimate for the slope was 0.04, with a standard error

image text in transcribed
image text in transcribed
Using 143 observations, assume that you had estimated a simple regression function and that your estimate for the slope was 0.04, with a standard error of 0.01. You want to test whether or not the estimate is statistically significant. Which of the following decisions is the only correct one: a. you decide that the coefficient is small and hence most likely is zero in the population b. the slope is statistically significant since it is four standard errors away from zero c. the response of I given a change in X must be economically important since it is statistically significant d. since the slope is very small, so must be the regression R

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Database Systems Design Implementation and Management

Authors: Carlos Coronel, Steven Morris

13th edition

1337627909, 978-1337627900

Students also viewed these Mathematics questions

Question

a. Where is the person employed?

Answered: 1 week ago