Using a Sample of 63 Observations,a Dependent Variable Y Is

question 69

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 a = .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:

Units of Quiche

Specific portions or quantities of quiche, often used in the context of production or sales.

Pareto Optimal Allocation

An allocation of assets where improving the situation of one person necessitates detriment to another.

Utility Function

Represents the consumer's preference ranking for various bundles of goods, showing the level of satisfaction for each bundle.

Initial Endowment

The initial quantity of goods, services, or resources that an individual or entity possesses before entering into any exchange or economic activity.