Suppose you estimate a regression model with 5 explanatory variables and an intercept from a sample of 46 observations. If you are testing statistical significance of one of the explanatory variables against a two-sided alternative and your calculated value of t statistic is 2.34. What will be your test outcome at the 5% level of significance? The test will be inconclusive. The null hypothesis will be rejected. The null hypothesis will not be rejected. O None of the above.
Suppose you estimate a regression model with 5 explanatory variables and an intercept from a sample of 46 observations. If you are testing statistical significance of one of the explanatory variables against a two-sided alternative and your calculated value of t statistic is 2.34. What will be your test outcome at the 5% level of significance? The test will be inconclusive. The null hypothesis will be rejected. The null hypothesis will not be rejected. O None of the above.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 4E
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