In a simple linear regression based on 20 observations, it is found b₁= 3.25 and se(b₁) = 1.35. Consider the hypothesis: H₀ : $\beta$₁$\neq$ 0and H_A: $\beta$₁$\neq$ 0.Calculate the value of the test statistic. A) 2.41 B) 0.415 C) 1.42 D) 0.121

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Quizplus · Accepted Answer

The test statistic is calculated as the estimated coefficient divided by its standard error, which is $3.25 / 1.35 = 2.41$.

In a Simple Linear Regression Based on 20 Observations, It β\betaβ

In a Simple Linear Regression Based on 20 Observations, It $\beta$