Multiple Choice
A sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a scale from 0 to 100. He estimates the following model: Happiness = β0 + β1Age + ε. The following table summarizes a portion of the regression results. ![A sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a scale from 0 to 100. He estimates the following model: Happiness = β<sub>0</sub> + β<sub>1</sub>Age + ε. The following table summarizes a portion of the regression results. At the 1% significance level, which of the following is the correct confidence interval of the regression coefficient β<sub>1</sub>? A) [0.0390, 0.0530] B) [0.0190, 0.5300] C) [0.0190, 0,0530] D) [0.0390, 0.5300]](https://d2lvgg3v3hfg70.cloudfront.net/TB6618/11ea8309_a973_202f_b223_8b583eb050f9_TB6618_00.jpg)
At the 1% significance level, which of the following is the correct confidence interval of the regression coefficient β1?
A) [0.0390, 0.0530]
B) [0.0190, 0.5300]
C) [0.0190, 0,0530]
D) [0.0390, 0.5300]
Correct Answer:
Verified
Correct Answer:
Verified
Q113: Assume you ran a multiple regression to
Q114: Serial correlation occurs when the error term
Q115: When confronted with multicollinearity, a good remedy
Q116: A sports analyst wants to exam the
Q117: Consider the following regression results based on
Q119: A researcher analyzes the factors that may
Q120: One of the assumptions of regression analysis
Q121: The alternative hypothesis for the test of
Q122: Tiffany & Co. has been the world's
Q123: Which of the following is the 95%