The National Association of Bankers completed a study of the impact of personal savings on mortgage rates
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The National Association of Bankers completed a study of the impact of personal savings on mortgage rates in 14 states. Per capita savings in $1,000 was used as an independent variable. The results are summarized here.
a. Test the hypothesis for the significance of the regression coefficient at the 1% level. Comment on the results.
b. Test the hypothesis for the significance of the regression coefficient at the 5% level. Comment on the results.
c. Calculate and interpret the p-value of the test.
d. Explain the relationship between the findings in the first three parts of this problem. Do they support each other or do they contradict each other? Explain your reasoning.
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Related Book For 
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
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