i. Should we reject the null? ii. justify the decision using the p-value and draw athe sampling distribution and shade the area by hand corresponding to p value. iii. justify your decision in i using 95 confidnce interval for Beta 1.
i. Should we reject the null? ii. justify the decision using the p-value and draw athe sampling distribution and shade the area by hand corresponding to p value. iii. justify your decision in i using 95 confidnce interval for Beta 1.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
i. Should we reject the null?
ii. justify the decision using the p-value and draw athe sampling distribution and shade the area by hand corresponding to p value.
iii. justify your decision in i using 95 confidnce interval for Beta 1.
Expert Solution
Step 1
Given information:
The regression equation is .
Parameter Estimates | ||||||
Term | Estimate | Std. Error | t Ratio | Prob>|t| | Lower 95% | Upper 95% |
Intercept | 7.5264022 | 0.649296 | 11.59 | <0.0001* | 6.2194381 | 8.8333664 |
teen | 0.2250883 | 0.050516 | 4.46 | <0.0001* | 0.1234047 | 0.3267719 |
The estimated value of the slope, is 0.2250883.
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