Consider the following multiple regression Price=118.9+0.594BDR+23.5Bath+0.195Hsize+0.004Lsize+0.095Age−48.5Poor, R2=0.75, SER=41.5 (22.7) (2.56) (8.56) (0.017) (0.00049) (0.315) (10.7) The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed description of the variables used in the data set is available here .Suppose you wanted to test the hypothesis that BDR equals zero. That is, H0: BDR=0 vs H1: BDR≠0 Report the t-statistic for this test. The t-statistic is ________ (Round your response to three decimal places) Consider the following multiple regression= 0.75, SER = 41.5Price = 118.9 + 0.594BDR + 23.5Bath + 0.195Hsize + 0.004Lsize + 0.095Age - 48.5Poor,(0.017)(22.7)(2.56)(8.56)(0.00049)(0.315)(10.7)The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detaileddescription of the variables used in the data set is available hereSuppose you wanted to test the hypothesis that BDR equals zero. That is,Ho:: BDR=0 vs H: BDR÷0Report the t-statistic for this test.The t-statistic is(Round your response to three decimal places) Variable DefinitionsVariableDefinitionBDRNumber of bedrooms.Number of bathrooms.Size of the house in square feet.BathHsizeLsizeSize of the lot in square feetAgeAge of the house in years.РorBinary variable (1 if the condition of the house is repor

t- test is a tool used for hypothesis testing which allows to test whether an assumption is…

Answered: Suppose you wanted to test the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the following multiple regression

Price=118.9+0.594BDR+23.5Bath+0.195Hsize+0.004Lsize+0.095Age−48.5Poor, R2=0.75, SER=41.5

(22.7) (2.56) (8.56) (0.017) (0.00049) (0.315) (10.7)

The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed description of the variables used in the data set is available here

Suppose you wanted to test the hypothesis that BDR equals zero. That is,

H0: BDR=0 vs H1: BDR≠0

Report the t-statistic for this test. The t-statistic is ________

(Round your response to three decimal places)

Consider the following multiple regression
= 0.75, SER = 41.5
Price = 118.9 + 0.594BDR + 23.5Bath + 0.195Hsize + 0.004Lsize + 0.095Age - 48.5Poor,
(0.017)
(22.7)
(2.56)
(8.56)
(0.00049)
(0.315)
(10.7)
The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed
description of the variables used in the data set is available here
Suppose you wanted to test the hypothesis that BDR equals zero. That is,
Ho:
: BDR=0 vs H: BDR÷0
Report the t-statistic for this test.
The t-statistic is
(Round your response to three decimal places)

Variable Definitions
Variable
Definition
BDR
Number of bedrooms.
Number of bathrooms.
Size of the house in square feet.
Bath
Hsize
Lsize
Size of the lot in square feet
Age
Age of the house in years.
Рor
Binary variable (1 if the condition of the house is repor

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