A multiple regression model involves 10 independent variables and 30 observations.If we want to test at the 5% significance level the parameter β₄,the critical value will be: A)1.697 B)2.093 C)2.228 D)1.729

Question

Quizplus · Accepted Answer

The degrees of freedom for the t-distribution is n - k - 1, where n is the number of observations and k is the number of independent variables. Here, df = 30 - 10 - 1 = 19. At a 5% significance level for a two-tailed test, the critical t-value for 19 degrees of freedom is approximately 2.093.

A Multiple Regression Model Involves 10 Independent Variables and 30