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Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 7
Let Y₁...,Y n be i.i.d. draws from a distribution with mean . A test of H 0. : = 5 versus H 1 : ,= 5 using the usual /-statistic yields a p-value of 0.03.
a. Does the 95% confidence interval contain = 5 Explain.
b. Can you determine if = 6 is contained in the 95% confidence interval Explain.
a. Does the 95% confidence interval contain = 5 Explain.
b. Can you determine if = 6 is contained in the 95% confidence interval Explain.
Explanation
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Verified
Given:
1. 
are IID draws
2. Mean= 3. v...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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