Essay
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The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.
-Explain how to use the 95% confidence interval for the slope of the population regression line to test the null hypothesis that the population slope is zero.
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Since β1 = 0 is not within the 95% confid...View Answer
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