Suppose you estimate a regression model with 5 explanatory variables and an intercept from a sample of 46 observations. If you are testing statistical significance of one of the explanatory variables against a two-sided alternative and your calculated value of t statistic is 2.34. What will be your test outcome at the 5% level of significance? The test will be inconclusive. The null hypothesis will be rejected. The null hypothesis will not be rejected. O None of the above.

Suppose you estimate a regression model with 5 explanatory variables and an intercept from a sample of 46 observations. If you are testing statistical significance of one of the explanatory variables against a two-sided alternative and your calculated value of t statistic is 2.34. What will be your test outcome at the 5% level of significance? The test will be inconclusive. The null hypothesis will be rejected. The null hypothesis will not be rejected. O None of the above.

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

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 4E

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