Compute the 99% confidence interval for ß1

Reference no: EM133366663

Economic

Consider the regression model Yi = β0 + β1Xi + ui. Suppose we obtain a random sample of 250 observations and construct the following summary statistics: ∑(Yi-Y ¯)2 =45, ∑(Xi-X ¯)2 =65, ∑(Xi-X ¯)(Yi-Y ¯)=50. Compute the 99% confidence interval for β1.

Reference no: EM133366663

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