previous studies it is found that the standard devotion of B can be e A two-tailed test on a 99% confidence level (CL) is conducted. a) Calculate the t-statistic B,

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Researchers of the company Biotech claim their new drug can shrink a tumor.
A double blind study with 100 patients is done, which results in B--0.1. From
previous studies it is found that the standard devotion of B can be expected to be o Bj - 0.4
A two-tailed test on a 99% confidence level (CL) is conducted.
a) Calculate the t-statistic B,
Wn
and the critical value c using Excel's c= T.INV.2T(1-CL, df), where df is the degrees of
freedom, df = n-k-1, and k is the number of regressors.
Transcribed Image Text:Researchers of the company Biotech claim their new drug can shrink a tumor. A double blind study with 100 patients is done, which results in B--0.1. From previous studies it is found that the standard devotion of B can be expected to be o Bj - 0.4 A two-tailed test on a 99% confidence level (CL) is conducted. a) Calculate the t-statistic B, Wn and the critical value c using Excel's c= T.INV.2T(1-CL, df), where df is the degrees of freedom, df = n-k-1, and k is the number of regressors.
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