Aur 2.81-0.23xgy, R² = 0.36, SER=0.78 (0.12) (0.04) that the estimator has a normal distribution, the 95% confidence interval for the slope is approximately the interval: .57, 3.05).

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
icon
Related questions
Question
You have collected data for the 50 U.S. states and estimated the following relationship between the change in the unemployment rate from the previous year (Aur) and the growth rate of the respective state real GDP (gy). The results are as
follows:
R² = 0.36, SER=0.78
Aur=2.81-0.23xgy
(0.12) (0.04)
Assuming that the estimator has a normal distribution, the 95% confidence interval for the slope is approximately the interval:
OA. [2.57, 3.05].
OB. [-0.31, 0.15].
OC. [-0.31, -0.15].
OD. [-0.33, -0.13].
Transcribed Image Text:You have collected data for the 50 U.S. states and estimated the following relationship between the change in the unemployment rate from the previous year (Aur) and the growth rate of the respective state real GDP (gy). The results are as follows: R² = 0.36, SER=0.78 Aur=2.81-0.23xgy (0.12) (0.04) Assuming that the estimator has a normal distribution, the 95% confidence interval for the slope is approximately the interval: OA. [2.57, 3.05]. OB. [-0.31, 0.15]. OC. [-0.31, -0.15]. OD. [-0.33, -0.13].
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Arrow's Impossibility Theorem
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning