Exhibit 15-5 Below you are given a partial Minitab output based on a sample of 25 observations. -Refer to Exhibit 15-5. We want to test whether the parameter $\beta$₁ is significant. The test statistic equals A)0.357 B)2.8 C)14 D)1.96

Question

Quizplus · Accepted Answer

The test statistic for determining the significance of a parameter is typically calculated as the estimated coefficient divided by its standard error. The value of 2.8 suggests that this is the calculated test statistic for $\beta$₁.

Exhibit 15-5 Below You Are Given a Partial Minitab Output β\betaβ

Exhibit 15-5
Below You Are Given a Partial Minitab Output $\beta$