The data shown below are the average personal income and personal consumption expenditures based on the survey conducted in the year 1995 to 2009 in U.S.

a. What is the 95 percent confidence interval for the regression parameter β₁? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₁ is equal to zero?
d. What is the 95 percent confidence interval for the regression parameter β₀? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₀ is equal to zero?

Question

The data shown below are the average personal income and personal consumption expenditures based on the survey conducted in the year 1995 to 2009 in U.S.

a. What is the 95 percent confidence interval for the regression parameter β₁? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₁ is equal to zero?
d. What is the 95 percent confidence interval for the regression parameter β₀? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₀ is equal to zero?

Quizplus · Accepted Answer

The Answer of The data shown below are the average personal income and personal consumption expenditures based on the survey conducted in the year 1995 to 2009 in U.S. a. What is the 95 percent confidence interval for the regression parameter β₁? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₁ is equal to zero? d. What is the 95 percent confidence interval for the regression parameter β₀? Based on this interval, what conclusion can you make about the hypotheses that the regression parameter β₀ is equal to zero?

The Data Shown Below Are the Average Personal Income and Personal