Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression Price = 672 65 -2.12x Weight (176 4) (0 28) where Price measures the price of the " bike in dollars and Weight measures the weight of the bike in kilograms The 99% confidence interval for the intercept, Bo, will be ( ) (Round your answers to two decimal places.) The 99% confidence interval for the slope, , will be ( (Round your answers to two decimal places. Enter a minus sign if your answer is negative.) Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we wil the hypothesis A, 170, and we will v the hypotheso -00 reject fail to reject

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression:
Price= 672.65-2.12 x Weight,
(176.4) (0 28)
%3D
where Price measures the price of the i" bike in .
dollars and Weight measures the weight of the bike in kilograms.
The 99% confidence interval for the intercept, Po. will be ( D
(Round your answers to two decimal places.)
The 99% confidence interval for the slope, B1, will be ( ).
(Round your answers to two decimal places. Enter a minus sign if your answer is negative.)
Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will
v the hypothesis 170, and we will
v the hypothesis ,-08
reject
fail to reject
Enter your answer in each of the answer boxes.
Type here to search
Transcribed Image Text:Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression: Price= 672.65-2.12 x Weight, (176.4) (0 28) %3D where Price measures the price of the i" bike in . dollars and Weight measures the weight of the bike in kilograms. The 99% confidence interval for the intercept, Po. will be ( D (Round your answers to two decimal places.) The 99% confidence interval for the slope, B1, will be ( ). (Round your answers to two decimal places. Enter a minus sign if your answer is negative.) Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will v the hypothesis 170, and we will v the hypothesis ,-08 reject fail to reject Enter your answer in each of the answer boxes. Type here to search
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