Analyzing hypothesis test, Basic Statistics

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Analyzing hypothesis test

Assignment:

What is the relationship between (a) the results of the hypothesis test examining whether b₃ differs significantly from zero at the 0.02 level and (b) the 98% confidence interval for β₃?

Provide complete and step by step solution for the question and show calculations and use formulas.

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Basic Statistics: Analyzing hypothesis test

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Basic Statistics: Analyzing hypothesis test

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