Consider the following multiple regression Price=118.9+0.594BDR+23.5Bath+0.195Hsize+0.004Lsize+0.095Age−48.5Poor, R2=0.75, SER=41.5 (22.7) (2.56) (8.56) (0.017) (0.00049) (0.315) (10.7) The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed description of the variables used in the data set is available here .Suppose you wanted to test the hypothesis that BDR equals zero. That is, H0: BDR=0 vs H1: BDR≠0 Report the t-statistic for this test. The t-statistic is ________ (Round your response to three decimal places) Consider the following multiple regression= 0.75, SER = 41.5Price = 118.9 + 0.594BDR + 23.5Bath + 0.195Hsize + 0.004Lsize + 0.095Age - 48.5Poor,(0.017)(22.7)(2.56)(8.56)(0.00049)(0.315)(10.7)The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detaileddescription of the variables used in the data set is available hereSuppose you wanted to test the hypothesis that BDR equals zero. That is,Ho:: BDR=0 vs H: BDR÷0Report the t-statistic for this test.The t-statistic is(Round your response to three decimal places) Variable DefinitionsVariableDefinitionBDRNumber of bedrooms.Number of bathrooms.Size of the house in square feet.BathHsizeLsizeSize of the lot in square feetAgeAge of the house in years.РorBinary variable (1 if the condition of the house is repor

t- test is a tool used for hypothesis testing which allows to test whether an assumption is…

Answered: Suppose you wanted to test the…

Suppose you wanted to test the hypothesis that BDR equals zero. That is, Ho: BDR=0 vs H: BDR#0 Report the t-statistic for this test. The t-statistic is (Round your response to three decimal places)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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Question

Consider the following multiple regression

Price=118.9+0.594BDR+23.5Bath+0.195Hsize+0.004Lsize+0.095Age−48.5Poor, R2=0.75, SER=41.5

(22.7) (2.56) (8.56) (0.017) (0.00049) (0.315) (10.7)

The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed description of the variables used in the data set is available here

Suppose you wanted to test the hypothesis that BDR equals zero. That is,

H0: BDR=0 vs H1: BDR≠0

Report the t-statistic for this test. The t-statistic is ________

(Round your response to three decimal places)

Consider the following multiple regression
= 0.75, SER = 41.5
Price = 118.9 + 0.594BDR + 23.5Bath + 0.195Hsize + 0.004Lsize + 0.095Age - 48.5Poor,
(0.017)
(22.7)
(2.56)
(8.56)
(0.00049)
(0.315)
(10.7)
The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed
description of the variables used in the data set is available here
Suppose you wanted to test the hypothesis that BDR equals zero. That is,
Ho:
: BDR=0 vs H: BDR÷0
Report the t-statistic for this test.
The t-statistic is
(Round your response to three decimal places)

Variable Definitions
Variable
Definition
BDR
Number of bedrooms.
Number of bathrooms.
Size of the house in square feet.
Bath
Hsize
Lsize
Size of the lot in square feet
Age
Age of the house in years.
Рor
Binary variable (1 if the condition of the house is repor

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