Consider the following regression results based on 30 observations. = 238.33 - 0.95x + 7.13x₂+ 4.76x₃;SSE = 3,439 = 209.56 - 1.03x₁ + 5.24(x₂ + x₃);SSE = 3,559
a.Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y.
b.Calculate the value of the test statistic.
c.At the 5% significance level,find the critical value(s).
d.What is your conclusion to the test?

Question

Consider the following regression results based on 30 observations.

= 238.33 - 0.95x + 7.13x₂+ 4.76x₃;SSE = 3,439

= 209.56 - 1.03x₁ + 5.24(x₂ + x₃);SSE = 3,559
a.Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y.
b.Calculate the value of the test statistic.
c.At the 5% significance level,find the critical value(s).
d.What is your conclusion to the test?

Quizplus · Accepted Answer

The Answer of Consider the following regression results based on 30 observations. = 238.33 - 0.95x + 7.13x₂+ 4.76x₃;SSE = 3,439 = 209.56 - 1.03x₁ + 5.24(x₂ + x₃);SSE = 3,559 a.Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y. b.Calculate the value of the test statistic. c.At the 5% significance level,find the critical value(s). d.What is your conclusion to the test?

Consider the Following Regression Results Based on 30 Observations