Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You estimate a simple linear regression model using a sample of 25 observations and obtain the following results (estimated standard errors in parentheses below coefficient

You estimate a simple linear regression model using a sample of 25 observations and obtain the following results (estimated standard errors in parentheses below coefficient estimates):

y = 97.25 + 19.74 *x

(3.86)(3.42)

You want to test the following hypothesis:H0: 2= 12, H1: 2>12. If you choose to reject the null hypothesis based on these results, the probability you have committed a type I error comes from a t-ratio (19.74-12)/3.42 distributed with 23 degrees of freedom.

Select one:

True

False

The answer is True but I need to know why True is the answer

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

Microeconomics For Today

Authors: Irvin B. Tucker

10th Edition

1337613061, 978-1337613064

More Books

Students also viewed these Economics questions

Question

e. What are the programs research and clinical focus areas?

Answered: 1 week ago

Question

Go, do not wait until I come

Answered: 1 week ago