You estimate a simple linear regression model using a sample of 62 observations

You estimate a simple linear regression model using a

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4. You estimate a simple linear regression model using a sample of 62 observations and obtain thefollowing results (estimated standard errors in parentheses below coefficient estimates):y = 97.25 + 33.74* x(3.86)(9.42)You want to test the following hypothesis:H0:β2= 12, H1:β2≠12.If you choose to reject the nullhypothesis based on these results, what is the probability you have committed a Type II error?a.) between .05 and .10b.) between .01 and .025c.) between .02 and .05d.) It is impossible to determine without knowing the true value ofβ2Ans: dSection: 3.25. You estimate a simple linear regression model using a sample of 25 observations and obtain thefollowing results (estimated standard errors in parentheses below coefficient estimates):y = 97.25 + 19.74 *x(3.86)(3.42)You want to test the following hypothesis:H0:β2= 1, H1:β2>12.If you choose to reject the nullhypothesis based on these results, what is the probability you have committed a Type I error?6. Which of the following is not a component of a hypothesis tes?