You may need to use the appropriate technology to answer this question. Consider the following data for...

50.1K

Verified Solution

Question

Basic Math

You may need to use the appropriate technology to answer thisquestion.

Consider the following data for a dependent variable yand two independent variables,

x1

and

x2.

x1

x2

y
301293
4710108
2517112
5116178
40594
5119175
747170
3612117
5913142
7616210

The estimated regression equation for these data is

ŷ = −18.21 + 2.01x1 +4.72x2.

Here, SST = 15,134.9, SSR = 13,994.6,

sb1 =0.2482,

and

sb2 =0.9524.

(a)

Test for a significant relationship among

x1,x2, and y.

Use α = 0.05.

State the null and alternative hypotheses.

H0: β1 >β2
Ha: β1 ≤β2H0:β1 = β2 = 0
Ha: One or more of the parameters is not equalto zero.     H0:β1 ≠ 0 and β2 ≠ 0
Ha: One or more of the parameters is equal tozero.H0: β1 ≠ 0 andβ2 = 0
Ha: β1 = 0 andβ2 ≠ 0H0:β1 < β2
Ha: β1 ≥β2

Find the value of the test statistic. (Round your answer to twodecimal places.)

Find the p-value. (Round your answer to three decimalplaces.)

p-value =

State your conclusion.

Reject H0. There is sufficient evidence toconclude that there is a significant relationship among thevariables.Do not reject H0. There isinsufficient evidence to conclude that there is a significantrelationship among the variables.     Donot reject H0. There is sufficient evidence toconclude that there is a significant relationship among thevariables.Reject H0. There is insufficientevidence to conclude that there is a significant relationship amongthe variables.

(b)

Is

β1

significant? Use α = 0.05.

State the null and alternative hypotheses.

H0: β1 = 0
Ha: β1 ≠0H0: β1 < 0
Ha: β1 ≥0     H0:β1 > 0
Ha: β1 ≤0H0: β1 = 0
Ha: β1 >0H0: β1 ≠ 0
Ha: β1 = 0

Find the value of the test statistic. (Round your answer to twodecimal places.)

Find the p-value. (Round your answer to three decimalplaces.)

p-value =

State your conclusion.

Reject H0. There is sufficient evidence toconclude that β1 is significant.RejectH0. There is insufficient evidence to concludethat β1 issignificant.     Do not rejectH0. There is sufficient evidence to concludethat β1 is significant.Do not rejectH0. There is insufficient evidence to concludethat β1 is significant.

(c)

Is

β2

significant? Use α = 0.05.

State the null and alternative hypotheses.

H0: β2 < 0
Ha: β2 ≥0H0: β2 > 0
Ha: β2 ≤0     H0:β2 ≠ 0
Ha: β2 =0H0: β2 = 0
Ha: β2 ≠0H0: β2 = 0
Ha: β2 > 0

Find the value of the test statistic. (Round your answer to twodecimal places.)

Find the p-value. (Round your answer to three decimalplaces.)

p-value =

State your conclusion.

Reject H0. There is sufficient evidence toconclude that β2 is significant.Do not rejectH0. There is sufficient evidence to concludethat β2 issignificant.     Do not rejectH0. There is insufficient evidence to concludethat β2 is significant.RejectH0. There is insufficient evidence to concludethat β2 is significant.

Answer & Explanation Solved by verified expert
4.0 Ratings (379 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students