Ý = 49.6870 – 2.1586X; p2 = 0.9757 %3D (0.7463) (0.12113) df=8 T= (66.578) (-17.821) p-value = (0.000) (0.000) a) Conduct a two tailed hypothesis test that: i) The intercept is 49 and the slope coefficient is -2, use 1% significance. ii) Confirm your deductions to 4(a) (i) using a confidence interval approach b) What does the r2 tell vou?

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4. Suppose you are given the following information:
= 49.6870 – 2.1586X;
r2 = 0.9757
(0.7463)
(0.12113)
df=8
T= (66.578) (-17.821)
p-value = (0.000)
(0.000)
a) Conduct a two tailed hypothesis test that:
i)
The intercept is 49 and the slope coefficient is -2, use 1% significance.
ii)
Confirm your deductions to 4(a) (i) using a confidence interval approach
b) What does the r2 tell you?
c) Perform a hypothesis using r2, such that p=D0, what do you conclude?
Transcribed Image Text:4. Suppose you are given the following information: = 49.6870 – 2.1586X; r2 = 0.9757 (0.7463) (0.12113) df=8 T= (66.578) (-17.821) p-value = (0.000) (0.000) a) Conduct a two tailed hypothesis test that: i) The intercept is 49 and the slope coefficient is -2, use 1% significance. ii) Confirm your deductions to 4(a) (i) using a confidence interval approach b) What does the r2 tell you? c) Perform a hypothesis using r2, such that p=D0, what do you conclude?
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