Question

Exhibit 15-6 Below you are given a partial Excel output based on a sample of 16...

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.

ANOVA

df

SS

MS

F

Regression

4,853

2,426.5

Residual

585.3

Coefficients

Standard Error

Intercept

12.924

4.425

x1

-3.682

1.630

x2

45.216

22.560

A) The interpretation of the coefficient of x 1 is that _____.

B) We want to test whether the parameter β 1 is significant. The test statistic equals _____.

C) The critical  t value that is used to test an individual parameter at the 5% level is _____.

D) Carry out the test of significance for the parameter β 1 at the 10% level. The null hypothesis should _____.

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