Solved

We Want to Test Whether or Not the Addition of 3

Question 58

Essay

We want to test whether or not the addition of 3 variables to a model will be statistically significant. You are given the following information based on a sample of 25 observations. We want to test whether or not the addition of 3 variables to a model will be statistically significant. You are given the following information based on a sample of 25 observations.   = 62.42 - 1.836x<sub>1</sub> + 25.62x<sub>2</sub> SSE = 725 SSR = 526 The equation was also estimated including the 3 variables. The results are   = 59.23 - 1.762x<sub>1</sub> + 25.638x<sub>2</sub> + 16.237x<sub>3</sub> + 15.297x<sub>4</sub> - 18.723x<sub>5</sub> SSE = 520 SSR = 731  a.State the null and alternative hypotheses. b.Test the null hypothesis at the 5% level of significance. = 62.42 - 1.836x1 + 25.62x2
SSE = 725 SSR = 526
The equation was also estimated including the 3 variables. The results are We want to test whether or not the addition of 3 variables to a model will be statistically significant. You are given the following information based on a sample of 25 observations.   = 62.42 - 1.836x<sub>1</sub> + 25.62x<sub>2</sub> SSE = 725 SSR = 526 The equation was also estimated including the 3 variables. The results are   = 59.23 - 1.762x<sub>1</sub> + 25.638x<sub>2</sub> + 16.237x<sub>3</sub> + 15.297x<sub>4</sub> - 18.723x<sub>5</sub> SSE = 520 SSR = 731  a.State the null and alternative hypotheses. b.Test the null hypothesis at the 5% level of significance. = 59.23 - 1.762x1 + 25.638x2 + 16.237x3 + 15.297x4 - 18.723x5
SSE = 520 SSR = 731
a.State the null and alternative hypotheses.
b.Test the null hypothesis at the 5% level of significance.

Correct Answer:

verifed

Verified

a.H0: blured image3 ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions