Using a Sample of 63 Observations, a Dependent Variable Y

question 76

Multiple Choice

Using a sample of 63 observations, a dependent variable Y is regressed against two variables X₁ and X₂ to obtain the fitted regression equation Y = 76.40 - 6.388X₁ + 0.870X₂. The standard error of b₁ is 3.453 and the standard error of b₂ is 0.611. At α = .05, we could:

• A)conclude that both coefficients differ significantly from zero.
• B)reject H₀: β₁ ≥ 0 and conclude H₀: β₁ < 0.
• C)reject H₀: β₂ ≤ 0 and conclude H₀: β₁ > 0.
• D)conclude that Evans' Rule has been violated.

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Definitions:

Property

Legal rights or interests in the ownership and usage of land, objects, intellectual properties, or other possessions.

Jurisdiction

The authority granted to a legal body to administer justice within a defined field of responsibility, such as geographical area or subject matter.

Plaintiff

The party who initiates a lawsuit against another party (the defendant) in a court of law.

Defendant

An individual, company, or institution being sued or accused in a court of law.