Suppose the equation estimated using data is: log(rent) = .043 + .066 log(pop) + .507 log(avginc) + .0056 pctstu (.081) (.844) (.039) (.0017) n = 64, R² = 458. We would like to test the hypothesis that size of the student body relative to the population has no ceteris paribus effect on monthly rents. Can you reject the hypothesis against the two-sided alternative at the 5% levels? Yes because the t statistics is above the critical value. We can reject the hypothesis HO: beta3=0. Yes because the t statistics is below the critical value. We can reject the hypothesis HO: beta3 =0. ONo because the t statistics is above the critical value. We cannot reject the hypothesis HO: beta3 =0. O No because the t statistics is below the critical value. We cannot reject the hypothesis HO: beta3 =0. Question 8 Using the standard normal approximation, find the 95% confidence interval for beta3. The lower bound = Blank 1 The upper bound = Blank 2 Round off your answer up to 3 decimal places. (If 0.01 is the answer, you can answer either 0.01, 0.01o, .01, or .010. Blank # 1 Blank # 2
Suppose the equation estimated using data is: log(rent) = .043 + .066 log(pop) + .507 log(avginc) + .0056 pctstu (.081) (.844) (.039) (.0017) n = 64, R² = 458. We would like to test the hypothesis that size of the student body relative to the population has no ceteris paribus effect on monthly rents. Can you reject the hypothesis against the two-sided alternative at the 5% levels? Yes because the t statistics is above the critical value. We can reject the hypothesis HO: beta3=0. Yes because the t statistics is below the critical value. We can reject the hypothesis HO: beta3 =0. ONo because the t statistics is above the critical value. We cannot reject the hypothesis HO: beta3 =0. O No because the t statistics is below the critical value. We cannot reject the hypothesis HO: beta3 =0. Question 8 Using the standard normal approximation, find the 95% confidence interval for beta3. The lower bound = Blank 1 The upper bound = Blank 2 Round off your answer up to 3 decimal places. (If 0.01 is the answer, you can answer either 0.01, 0.01o, .01, or .010. Blank # 1 Blank # 2
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
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