A regression was performed on a sample of 16 observations. The estimated equation is = 23.5 - 14.28x₁ + 6.72x₂ + 15.68x₃. The standard errors for the coefficients are S_b1 = 4.2, S_b2 = 5.6, and S_b3 = 2.8. For this model, SST = 3809.6 and SSR = 3285.4. a.Compute the appropriate t ratios. b.Test for the significance of $\beta$₁, $\beta$₂, and $\beta$₃ at the 5% level of significance. c.Do you think that any of the variables should be dropped from the model? Explain. d.Compute R² and R_a². Interpret R². e.Test the significance of the relationship among the variables at the 5% level of significance.

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The Answer of A regression was performed on a sample of 16 observations. The estimated equation is = 23.5 - 14.28x₁ + 6.72x₂ + 15.68x₃. The standard errors for the coefficients are S_b1 = 4.2, S_b2 = 5.6, and S_b3 = 2.8. For this model, SST = 3809.6 and SSR = 3285.4. a.Compute the appropriate t ratios. b.Test for the significance of $\beta$₁, $\beta$₂, and $\beta$₃ at the 5% level of significance. c.Do you think that any of the variables should be dropped from the model? Explain. d.Compute R² and R_a². Interpret R². e.Test the significance of the relationship among the variables at the 5% level of significance.

A Regression Was Performed on a Sample of 16 Observations β\betaβ

A Regression Was Performed on a Sample of 16 Observations $\beta$