Question

An economist estimates the following model: y = 6g + 61x + E. She would like to construct interval estimates for ywhen x equals 2. She estimates a modified model where y is the response variable and the explanatory variable is now defined as x = x - 2. A portion of the regression results is shown in the accompanying table. Regression Statistics R Square 0.42 Standard Error 3.86 Observations 12 Standard Coefficients Lower 95% Error t-stat p-value Upper 95% 24.78 4.2E-06 Intercept 2.76 8.98 18.63 30.93 Bedroom 0.0237 2.52 0.95 2.66 0.41 4.63 According to the modified model, which of the following is the predicted value of y when x equals 2? Multiple Choice 2.52 24.78 27.30 29.82

Answer 1

Ar) prediched valw af t 9-2+3 inberpt and clape X 24.78+ 2 .52X2 hen X 2 29.82 11 And d 282