The output table below represents the results of the estimation of household expenditures (Y) and income (X) in thousand dollars. Considering the output table below, answer the following question.Dependent Variable: Y Method: Least Squares Date: 12/28/16 Time: 15:29 Sample: 2000 2010 Included observations: 11 a) Write the regressed equation and interpret the slope and the intercept. b) Construct a confidence interval for the slope (b2) at 95% confidence level. c) Test whether the slope is equal or not equal to zero at 95% confidence level.

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Description: The output table below represents the results of the estimation of household expenditures (Y) and income (X) in thousand dollars. Considering the output table below, answer the following question.Dependent Variable: Y Method: Least Squares Date: 12

a)The regression equation is given by Y = 0.229334 + 0.354833X Slope - It shows that every…

Answered: a) Write the regressed equation and…

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The output table below represents the results of the estimation of household expenditures (Y) and income (X) in thousand dollars. Considering the output table below, answer the following question.

Dependent Variable: Y
Method: Least Squares
Date: 12/28/16 Time: 15:29
Sample: 2000 2010
Included observations: 11

a) Write the regressed equation and interpret the slope and the intercept.

b) Construct a confidence interval for the slope (b₂) at 95% confidence level.

c) Test whether the slope is equal or not equal to zero at 95% confidence level.

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