Using 27 observations on each variable, a computer program generated the following multiple regression model. y = 52.8 + 6.67x - 2.05x,+4.69.x3- 7.22x4 If the standard errors of the coefficients of the independent variables are, respectively, 2.72, 1.35, 3.19, and 2.96, can you conclude that the independent variable x, is needed in the regression model? Let B,, B, ..., B, denote the coefficients of the 4 variables in this model, and use a two-sided hypothesis test and significance level of 0.10 to determine your answer. |(a) State the null hypothesis H, and the alternative hypothesis H,. B H :0 H :0 (b) Determine the type of test statistic to use. (Choose one) ▼ O=0 OSO (c) Find the value of the test statistic. (Round to two or more decimal places.) O

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
icon
Related questions
icon
Concept explainers
Question
Using 27 observations on each variable, a computer program generated the following multiple regression model.
y = 52.8 + 6.67x1-2.05x2+4.69x3- 7.22x4
If the standard errors of the coefficients of the independent variables are, respectively, 2.72, 1.35, 3.19, and 2.96, can you conclude that the independent
variable x, is needed in the regression model?
Let B,, B,, ..., B, denote the coefficients of the 4 variables in this model, and use a two-sided hypothesis test and significance level of 0.10 to determine your
answer.
(a) State the null hypothesis H, and the alternative hypothesis H,.
Ho
H, :0
1
(b) Determine the type of test statistic to use.
D=0
OSO
(Choose one)
O#0
O<O
(c) Find the value of the test statistic. (Round to two or more decimal places.)
(d) Find the two critical values at the 0.10 level of significance. (Round to two or more decimal places.)
|| and ||
(e) Can you conclude that the independent variable x, is needed in the regression model?
OYes No
Transcribed Image Text:Using 27 observations on each variable, a computer program generated the following multiple regression model. y = 52.8 + 6.67x1-2.05x2+4.69x3- 7.22x4 If the standard errors of the coefficients of the independent variables are, respectively, 2.72, 1.35, 3.19, and 2.96, can you conclude that the independent variable x, is needed in the regression model? Let B,, B,, ..., B, denote the coefficients of the 4 variables in this model, and use a two-sided hypothesis test and significance level of 0.10 to determine your answer. (a) State the null hypothesis H, and the alternative hypothesis H,. Ho H, :0 1 (b) Determine the type of test statistic to use. D=0 OSO (Choose one) O#0 O<O (c) Find the value of the test statistic. (Round to two or more decimal places.) (d) Find the two critical values at the 0.10 level of significance. (Round to two or more decimal places.) || and || (e) Can you conclude that the independent variable x, is needed in the regression model? OYes No
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning