Question

Problems 1. Thirty-two data points The computer output fro ab Vu dat y and X are employed to estimate the parameters in the linear relation Putput from the regression analysis is (4 points) DEPENDENT VARIABLE: Y OBSERVATIONS: 32 R-SQUARE F-RATIO 7.0852 P-VALUE ON F 0.0124 0.1911 STANDARD PARAMETER ESTIMATE ERROR VARIABLE INTERCEPT T-RATIOP-VALUE 2.18 0.0373 -2.66 0.0124 a 76.25 box-124.20 34.98 46.66 The equation of the sample regression line is: y = lb.25 - 124.20 b. The p-value for b indicates that the exact level of significance is 1.24 percent, which is the probability of c. At the 5% level of significance, the critical value of the F-statistic is . The model as a whole is, is not) significant at the 5% level. 245.000 to $42,000. Using the w the demand for good X shifts due to a change in income. Holding the price of Suas questions: (2 points)

Answer 1

a) The equation of the sample is Y = 76.25 - 124.20 X regression line 6) The p-value o b indicates that the exact level of significance is 1.24% , which is the probability of the null hypothesis being true. At the 5% level of significance, the critical value of the f- statistic is 1.816. The mode as a whole is significant at 5% level c