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Question

Test, at 5% level of significance, the null hypothesis of H0 ∶ B1 = 0 , against a one-side alternative of

a ∶ B1 > 0. Deploy (1) the pre-specified level of significance approach and (2) the p-value approach.





Model 1: OLS, using observations 1-832

Dependent variable: VALUE


       coefficient  std. error  t-ratio  p-value 

 ---------------------------------------------------------

 const    597.865    7.72837   77.36   0.0000  ***

 LOT     30.8658   4.64595   6.644  5.54e-011 ***


Mean dependent var  610.3780  S.D. dependent var  221.7390

Sum squared resid  38795690  S.E. of regression  216.1985

R-squared      0.050492  Adjusted R-squared  0.049348

F(1, 830)      44.13736  P-value(F)      5.54e-11

Log-likelihood   −5652.552  Akaike criterion   11309.10

Schwarz criterion  11318.55  Hannan-Quinn     11312.73

Step-by-step answer

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