Introduction to Econometrics 3rd Edition by James Stock, Mark Watson

تمرين 11

Let Y 1...,Y n be i.i.d. draws from a distribution with mean . A test of H 0. : = 5 versus H 1 : ,= 5 using the usual /-statistic yields a p-value of 0.03.
a. Does the 95% confidence interval contain = 5 Explain.
b. Can you determine if = 6 is contained in the 95% confidence interval Explain.