Suppose that a researcher, using data on class size (CS) and average test scores from 100 third-grade classes, estimates the OLS regression TestScore= 562.0320 + (-6.2856)x CS, R=0.11, ER = 12.4 (22.0320) (2.0111) Construct a 95% confidence interval for B,, the regression slope coefficient. The 95% confidence interval for B,, the regression slope coefficient, is ( D (Round your responses to two decimal places.) The t-statistic for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.) Note: Assume a normal distribution. The p-value for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.) Do you reject the null hypothesis at the 1% level? O A. Yes, because the t-statistic is less than 2.58. O B. Yes, because the p-value is less than 0.01. O C. Yes, because the t-statistic is greater than 2.58. O D. No, because the p-value is greater than 0.01.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Please help
Suppose that a researcher, using data on class size (CS) and average test scores from 100 third-grade classes, estimates the OLS regression
TestScore= 562.0320 + (-6.2856)x CS, R 0.11, ER= 12.4
(22.0320) (2.0111)
Construct a 95% confidence interval for B,, the regression slope coefficient.
The 95% confidence interval for B,, the regression slope coefficient, is ( ). (Round your responses to two decimal places.)
The t-statistic for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.)
Note: Assume a normal distribution.
The p-value for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.)
Do you reject the null hypothesis at the 1% level?
O A. Yes, because the t-statistic is less than 2.58.
O B. Yes, because the p-value is less than 0.01.
O C. Yes, because the t-statistic is greater than 2.58.
O D. No, because the p-value is greater than 0.01.
Click to select your answer(s).
P Type here to search
耳|
Transcribed Image Text:Suppose that a researcher, using data on class size (CS) and average test scores from 100 third-grade classes, estimates the OLS regression TestScore= 562.0320 + (-6.2856)x CS, R 0.11, ER= 12.4 (22.0320) (2.0111) Construct a 95% confidence interval for B,, the regression slope coefficient. The 95% confidence interval for B,, the regression slope coefficient, is ( ). (Round your responses to two decimal places.) The t-statistic for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.) Note: Assume a normal distribution. The p-value for the two-sided test of the null hypothesis Ho: B1 = 0 is (Round your response to four decimal places.) Do you reject the null hypothesis at the 1% level? O A. Yes, because the t-statistic is less than 2.58. O B. Yes, because the p-value is less than 0.01. O C. Yes, because the t-statistic is greater than 2.58. O D. No, because the p-value is greater than 0.01. Click to select your answer(s). P Type here to search 耳|
This Question: 2 pts
2 of 21 (20 complete)
LHe 33 70 LUmuence nervai iui P1, uEleyiessiOII Siope CueIICient, iS (| J:| V- RUUnu youi TespUnses iU tWu ueciiai pldues.)
The t-statistic for the two-sided test of the null hypothesis Ho: B, = 0 is
(Round your response to four decimal places.)
Note: Assume a normal distribution.
The p-value for the two-sided test of the null hypothesis Ho: B1 = 0 is . (Round your response to four decimal places.)
Do you reject the null hypothesis at the 1% level?
O A. Yes, because the t-statistic is less than 2.58.
O B. Yes, because the p-value is less than 0.01.
O C. Yes, because the t-statistic is greater than 2.58.
O D. No, because the p-value is greater than 0.01.
The p-value for the two-sided test of the null hypothesis Ho: B, = -6.0 is (Round your response to four decimal places.)
Without doing any additional calculations, determine whether - 6.0 is contained in the 95% confidence interval for B.
O A. No, -6.0 is not contained in the 95% confidence interval for B,
O B. Yes, -6.0 is contained in the 95% confidence interval for B1
Click to select your answer(s).
9 Type here to search
Transcribed Image Text:This Question: 2 pts 2 of 21 (20 complete) LHe 33 70 LUmuence nervai iui P1, uEleyiessiOII Siope CueIICient, iS (| J:| V- RUUnu youi TespUnses iU tWu ueciiai pldues.) The t-statistic for the two-sided test of the null hypothesis Ho: B, = 0 is (Round your response to four decimal places.) Note: Assume a normal distribution. The p-value for the two-sided test of the null hypothesis Ho: B1 = 0 is . (Round your response to four decimal places.) Do you reject the null hypothesis at the 1% level? O A. Yes, because the t-statistic is less than 2.58. O B. Yes, because the p-value is less than 0.01. O C. Yes, because the t-statistic is greater than 2.58. O D. No, because the p-value is greater than 0.01. The p-value for the two-sided test of the null hypothesis Ho: B, = -6.0 is (Round your response to four decimal places.) Without doing any additional calculations, determine whether - 6.0 is contained in the 95% confidence interval for B. O A. No, -6.0 is not contained in the 95% confidence interval for B, O B. Yes, -6.0 is contained in the 95% confidence interval for B1 Click to select your answer(s). 9 Type here to search
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Demand
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education