Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
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.
-At the 0.05 level of significance,test the null hypothesis that the population slope is zero.
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H0 : β1 = 0 (There is no linear relationsh...View Answer
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