Question: You estimate the model Y=β ₀ + β ₁ X ₁ +ε using a sample of more than 1000 observations.

You get the following results: Estimate of β ₁ = 4.5. Standard error of β ₁ = 2.2.

Based on the above, please calculate the following:

1. The t-statistic.
2. The 95% confidence interval.
3. The 99% confidence interval.
4. State the range within which the p-value will lie (you can’t calculate the exact p-value from the above information, but you should be able to tell me the upper and lower limits of the range).

Are you able to reject the null hypothesis that β ₁ is =0 ? At what level of confidence?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document