Use the following information from a multiple regression analysis to complete parts (a) through (c) below. n=20 b₁ = 10 b₂=35 Sb₁ = 6 Sb₂ = 10 a. Which variable has the largest slope, in units of a t statistic? X₁ b. Construct a 95% confidence interval estimate of the population slope, SB₁ ≤ (Round to four decimal places as needed.)

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### Multiple Regression Analysis Task

#### Given Information:
- Sample size (\(n\)) = 20
- Slope for variable \(X_1\) (\(b_1\)) = 10
- Slope for variable \(X_2\) (\(b_2\)) = 35
- Standard error for \(b_1\) (\(S_{b_1}\)) = 6
- Standard error for \(b_2\) (\(S_{b_2}\)) = 10

#### Instruction A:
**Question:** Which variable has the largest slope, in units of a t statistic?

- **Correct Answer:** \(X_2\)
  - Explanation: The t statistic is calculated as the slope divided by its standard error. For \(X_1\), this is \(10/6 \approx 1.67\). For \(X_2\), it is \(35/10 = 3.5\). Therefore, \(X_2\) has the largest t statistic.

#### Instruction B:
**Question:** Construct a 95% confidence interval estimate of the population slope, \(\beta_1\).

\[ 
\text{Confidence Interval: } [ \, \_\_\_ \leq \beta_1 \leq \_\_\_ \, ] 
\]

- **Note:** Remember to round to four decimal places as needed. Use the t-distribution with \(n - 2\) degrees of freedom to find the critical value, then calculate the interval using \(b_1 \pm t \times S_{b_1}\).

This presentation ensures a clear understanding of the problem, its context, and the step-by-step approach to find the solution.
Transcribed Image Text:### Multiple Regression Analysis Task #### Given Information: - Sample size (\(n\)) = 20 - Slope for variable \(X_1\) (\(b_1\)) = 10 - Slope for variable \(X_2\) (\(b_2\)) = 35 - Standard error for \(b_1\) (\(S_{b_1}\)) = 6 - Standard error for \(b_2\) (\(S_{b_2}\)) = 10 #### Instruction A: **Question:** Which variable has the largest slope, in units of a t statistic? - **Correct Answer:** \(X_2\) - Explanation: The t statistic is calculated as the slope divided by its standard error. For \(X_1\), this is \(10/6 \approx 1.67\). For \(X_2\), it is \(35/10 = 3.5\). Therefore, \(X_2\) has the largest t statistic. #### Instruction B: **Question:** Construct a 95% confidence interval estimate of the population slope, \(\beta_1\). \[ \text{Confidence Interval: } [ \, \_\_\_ \leq \beta_1 \leq \_\_\_ \, ] \] - **Note:** Remember to round to four decimal places as needed. Use the t-distribution with \(n - 2\) degrees of freedom to find the critical value, then calculate the interval using \(b_1 \pm t \times S_{b_1}\). This presentation ensures a clear understanding of the problem, its context, and the step-by-step approach to find the solution.
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