Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression: Price 648.95-1.56 x Weight, (176.4) (0.42) where Price measures the price of the bike in dollars and Weight measures the weight of the The 99% confidence interval for the intercept, Bo, will be (.). (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.) th bike in kilograms. Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will the hypothesis ẞ₁ = -0.8. the hypothesis B = 165, and we will
Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression: Price 648.95-1.56 x Weight, (176.4) (0.42) where Price measures the price of the bike in dollars and Weight measures the weight of the The 99% confidence interval for the intercept, Bo, will be (.). (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.) th bike in kilograms. Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will the hypothesis ẞ₁ = -0.8. the hypothesis B = 165, and we will
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
Please give me the correct answer for each please correctly
![Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression:
Price 648.95-1.56 x Weight,
(176.4) (0.42)
where Price measures the price of the bike in dollars and Weight measures the weight of the
The 99% confidence interval for the intercept, Bo, will be (.).
(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.)
th bike in kilograms.
Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will
the hypothesis ẞ₁ = -0.8.
the hypothesis B = 165, and we will](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9737efd-391f-457a-98f6-aa044a0527f1%2F5e51e0ae-20ad-46a3-9356-43bb7c49c81f%2F5brhj5h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that a researcher, using data on 150 randomly selected bicycles, estimates the OLS regression:
Price 648.95-1.56 x Weight,
(176.4) (0.42)
where Price measures the price of the bike in dollars and Weight measures the weight of the
The 99% confidence interval for the intercept, Bo, will be (.).
(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.)
th bike in kilograms.
Based on the calculated confidence intervals, and a two-tailed hypothesis test, we can say that at the 1% significance level, we will
the hypothesis ẞ₁ = -0.8.
the hypothesis B = 165, and we will
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