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
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 1E
Question
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