Exercise 15-1 Algo = 1.45. Consider the In a simple linear regression based on 30 observations, it is found that b1 = 3.

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Exercise 15 1 Algo 1 45 Consider The In A Simple Linear Regression Based On 30 Observations It Is Found That B1 3 1 (28.82 KiB) Viewed 28 times

Exercise 15-1 Algo = 1.45. Consider the In a simple linear regression based on 30 observations, it is found that b1 = 3.65 and se(b1) hypotheses: (You may find it useful to reference the t table.) He: B1 = 0 and HA: 81 + 0. a. Calculate the value of the test statistic. (Round your answer to 3 decimal places.) Test statistic 2.517 b. Find the p-value. Op-value < 0.01 0.01 s p-value < 0.02 Op-value 2 0.10 0.05 s p-value < 0.10 0.02 s p-value < 0.05 c. At the 5% significance level, what is the conclusion? Is the explanatory variable statistically significant? O Reject Hg; the explanatory variable is significant. Reject He; the explanatory variable is not significant. O Do not reject He; the explanatory variable is significant. O Do not reject He; the explanatory variable is not significant.