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The Linear Regression Equation G = a + BD Is b^\hat { b }

Question 41

Short Answer

The linear regression equation G = a + bD is estimated using 24 observations on R and W. The least-squares estimate of b is -22.5, and the standard error of the estimate is 8.36. Perform a t-test for statistical significance of b^\hat { b } at the 1% level of significance.
a. There are _____ degrees of freedom for the t-test.
b. The value of the t-statistic is _________. The critical t-value for the test is _________.
c. The parameter estimate
b^\hat { b } _________ (is, is not) statistically significant at the 1% level.

Correct Answer:

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a. 22
b. ...

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