2. Suppose the sample size n=10, we have the following figures for sample data: ΣΥ-1110 ΣΧ-163 ; ΣΧΥ-204200; ΣΧ-315400; ΣΥ= 133300 The representation of PRF is Y,= b, +b,X, +u,, u, 0 üd N(0,4) The OLS estimates for the SRF is B, and B a. calculate B, and B with the above figures. b. calculate the standard error of ß, and B. c. calculate the determination coefficient: R?
2. Suppose the sample size n=10, we have the following figures for sample data: ΣΥ-1110 ΣΧ-163 ; ΣΧΥ-204200; ΣΧ-315400; ΣΥ= 133300 The representation of PRF is Y,= b, +b,X, +u,, u, 0 üd N(0,4) The OLS estimates for the SRF is B, and B a. calculate B, and B with the above figures. b. calculate the standard error of ß, and B. c. calculate the determination coefficient: R?
Chapter1: Making Economics Decisions
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Hello. Please help me with these questions
![2. Suppose the sample size n=10, we have the following figures for the
sample data:
EY, = 1110; EX, =1680; X,Y, = 204200;,
Σ-
-20120
= 315400; Y? = 133300
The representation of PRF is Y = b, +b,X,+u,, u, O iid N(0,4)
The OLS estimates for the SRF is B, and B,
a. calculate B, and B with the above figures.
b. calculate the standard error of ß, and B.
c. calculate the determination coefficient: R?
d. construct 95% confidence interval for b, and b,, respectively.
e. conduct hypothesis test: HO: b, =0, H1: b, #0.
f. conduct hypothesis test: HO: b, =1, Hl: b, #1.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d5a5781-5fcd-409e-8e5b-9cd289aa8028%2Faf9079e6-08fc-47ab-9401-2c4e35f713f8%2Fl5avo3c_processed.png&w=3840&q=75)
Transcribed Image Text:2. Suppose the sample size n=10, we have the following figures for the
sample data:
EY, = 1110; EX, =1680; X,Y, = 204200;,
Σ-
-20120
= 315400; Y? = 133300
The representation of PRF is Y = b, +b,X,+u,, u, O iid N(0,4)
The OLS estimates for the SRF is B, and B,
a. calculate B, and B with the above figures.
b. calculate the standard error of ß, and B.
c. calculate the determination coefficient: R?
d. construct 95% confidence interval for b, and b,, respectively.
e. conduct hypothesis test: HO: b, =0, H1: b, #0.
f. conduct hypothesis test: HO: b, =1, Hl: b, #1.
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