- #1
MaxManus
- 277
- 1
Homework Statement
I have used OLS and found that:
b0 = 6,85
b1 = 3,88 with se= 0,1121
n = 20
Person x claims that b1 = 5
Choose an alternative hypothesis. Does your estimated relationship support this claim?
Use a 5 % significance level
The Attempt at a Solution
H0 = b1 = 5
H1 b1!= 5
t((1-a)/2,18) = 2,101
t = ([tex]\overline{x}[/tex] - h0)/se(b1) = (3,88 - 5)/(0.1122) = -9.99
t lies not in the interval +- 2,101 so I reject H0
Is this correct?