14. What does a pQvalue NOT tell you?a.) The size of the largest rejection region that would not contain the observed test statisticb.) The probability that the null hypothesis is true and you would observe a test statistic moreextreme than the one observedc.) The highest value ofαfor which you cannot reject the null hypothesis based on the datad.) The probability that the null hypothesis is trueAns: dSection: 3.515. You want to test the hypothesisH0: (c1β1+ c2β2) – c0= 0andH1: (c1β1+ c2β2) – c0≠ 0What test statistic should you use for the test?16. You want to test the hypothesisH0: (c1β1+ c2β2) – c0= 0andH1: (c1β1+ c2β2) – c0≠ 0If the null hypothesis is true, how will the test statistic be distributed?17. If you are performing a twoQtailed test of significance and you find that the area to the left of |tc|is .975, what is the pQvalue?
18. If you are performing a leftQtailed significance test and find the area to the left of |tc| is .99, whatis the pQvalue?a.) .01b.) .99c.) .02d.) .05Ans: cSection: 3.519. When should a leftQtailed significance test be used?
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- Winter '07
- Econometrics, Statistical hypothesis testing