Given the following regression output,   Predictor   Coefficient   SE Coefficient   t p-value   Constant   84.998     1.863     45.62   0.000     x1   2.391     1.200     1.99   0.051     x2   -0.409     0.172     -2.38   0.021           Analysis of Variance Source DF SS MS F p-value Regression 2   77.907   38.954   4.138   0.021   Residual Error 62   583.693   9.414           Total 64   661.600                   answer the following questions: d-1. State the decision rule for 0.05 significance level: H0: β1 = β2 = 0; H1: Not all β's are 0. (Round your answer to 2 decimal places.)         d-2. Compute the value of the F statistic. (Round your answer to 2 decimal places.)         d-3. What is the conclusion? Use the 0.05 significance level.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Given the following regression output,

 

Predictor   Coefficient   SE Coefficient   t p-value  
Constant   84.998     1.863     45.62   0.000    
x1   2.391     1.200     1.99   0.051    
x2   -0.409     0.172     -2.38   0.021    
   

 

Analysis of Variance
Source DF SS MS F p-value
Regression 2   77.907   38.954   4.138   0.021  
Residual Error 62   583.693   9.414          
Total 64   661.600              
 

 

answer the following questions:

  1. d-1. State the decision rule for 0.05 significance level: H0: β1 = β2 = 0; H1: Not all β's are 0. (Round your answer to 2 decimal places.)

 

 

 

 

  1. d-2. Compute the value of the F statistic. (Round your answer to 2 decimal places.)

 

 

 

 

  1. d-3. What is the conclusion? Use the 0.05 significance level.

 

 

 

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