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1.  Refer to Exercise 1.

a. Find a 95% confidence interval for the coefficient of Manganese.

b. Find a 99% confidence interval for the coefficient of Thickness.

c. Can you conclude that β3? Perform the appropriate hypothesis test.

d. Can you conclude that β2 -0.1? Perform the appropriate hypothesis test.

2.  The data used to fit the model in Exercise 1 are presented in the following table, along with the residuals and the fitted values. Plot the residuals versus the fitted values. Does the plot indicate that the linear model is reasonable? Explain.

Strength

Manganese

Thickness

Residual

Fitted Value

47.7

7.4

8.0

-0.111

47.811

50.9

8.8

10.0

-0.709

51.609

51.7

8.8

10.0

0.091

51.609

51.9

8.8

10.0

0.291

51.609

50.0

8.1

7.1

-0.517

50.517

50.5

8.1

9.0

0.790

49.710

50.0

8.1

7.1

-0.517

50.517

49.7

8.1

9.0

-0.010

49.710

50.6

8.1

9.0

0.890

49.710

47.7

7.2

7.2

0.214

47.486

47.1

7.3

7.8

-0.464

47.564

45.0

7.3

11.8

-0.864

45.864

(Continued)

 

Strength

Manganese

Thickness

Residual

Fitted Value

47.6

7.3

8.0

0.121

47.479

45.7

7.3

11.8

-0.164

45.864

47.0

7.3

8.7

-0.181

47.181

45.7

7.3

11.7

-0.206

45.906

48.8

7.3

8.7

1.619

47.181

45.8

7.3

7.8

-1.764

47.564

48.5

7.3

9.0

1.446

47.054

48.6

7.6

7.8

0.040

48.560

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M91918159

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