36 - Chapter 3 Exercise Solutions Principles of Econometrics 3e 36 EXERCISE 3.3 Reject H 0 because t = 3.78 > tc = 2.819 Hypotheses Calculated

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Chapter 3, Exercise Solutions, Principles of Econometrics, 3e 36 EXERCISE 3.3 (a) Hypotheses: 02 :0 H β= against 12 H β Calculated t -value: 0.310 0.082 3.78 t == Critical t -value: (0.995,22) 2.819 c tt ±= ± = ± Decision: Reject 0 H because 3.78 2.819. c = >= (b) Hypotheses: H against H β > Calculated t -value: 0.310 0.082 3.78 t Critical t -value: (0.99,22) 2.508 c Decision: Reject 0 H because 3.78 2.508. c = (c) Hypotheses: H against H β < Calculated t -value: 0.310 0.082 3.78 t Critical t -value: (0.05,22) 1.717 c Decision: Do not reject 0 H because 3.78 1.717. c = Figure xr3.3 One tail rejection region (d) Hypotheses:
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This note was uploaded on 11/23/2011 for the course ECON MPBE taught by Professor Jansveceny during the Spring '11 term at Metropolitní Univerzita Praha.

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