We ran the regression Y = Bo + B₁X₁ + ß₂X₂ + ε with 34 observations and obtained the estimate Y = 4.59 +0.29X₁ +0.4X₂ + e where the standard error of b₁ equals 0.1, the standard error of b₂ equals 0.3, and Cov(b₁,b₂) =-0.004. To test the null hypothesis Ho: 36₁ + ß₂ = 0.3 against the two-sided alternative, compute the t-statistic. O a. 2.46 Ob. 3.20 O c. 2.34 O d. 1.29

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We ran the regression Y = ßo + ß₁X₁ + ß₂X2 + ɛ with 34 observations and obtained the estimate
Y = 4.59 +0.29X₁ +0.4X2 + e
where the standard error of b₁ equals 0.1, the standard error of b₂ equals 0.3, and Cov(b₁,b₂) =-0.004. To test the null
hypothesis Ho 36₁ + ₂ = 0.3 against the two-sided alternative, compute the t-statistic.
a. 2.46
b. 3.20
c. 2.34
O d. 1.29
Transcribed Image Text:We ran the regression Y = ßo + ß₁X₁ + ß₂X2 + ɛ with 34 observations and obtained the estimate Y = 4.59 +0.29X₁ +0.4X2 + e where the standard error of b₁ equals 0.1, the standard error of b₂ equals 0.3, and Cov(b₁,b₂) =-0.004. To test the null hypothesis Ho 36₁ + ₂ = 0.3 against the two-sided alternative, compute the t-statistic. a. 2.46 b. 3.20 c. 2.34 O d. 1.29
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