Math Problem Statement
- (8 points) Is your predicted effect in Question 7 statistically significantly different from zero at the seven percent of level? Clearly write down the null hypothesis (3 points). Test your hypothesis using R by loading relevant packages (2 point). Explain your decision whether to reject the hypothesis (3 points).
Solution
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Math Problem Analysis
Mathematical Concepts
Hypothesis Testing
Statistics
t-Test
Significance Level
Formulas
Sum of coefficients: sum_coeff = coef_tenure + coef_exper
Variance sum: Variance_sum = standerror_tenure^2 + standerror_exper^2
Square root of variance: square_coef = sqrt(Variance_sum)
t-value: t_value = sum_coeff / square_coef
p-value calculation: p-value = 2 * pt(-abs(t_value), df)
Theorems
Null Hypothesis Testing
t-Distribution
Suitable Grade Level
Undergraduate Statistics
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