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For a sample of 400 firms, the relationship between corporate revenue (Y_i) and the average years of experience per employee (X_i) is modeled as follows:
An analyst wants to test the joint null hypothesis that and at the 95% confidence level. The p-value for the t-statistic for is 0.07, and the p-value for the t-statistic for is 0.06. The p-value for the F-statistic for the regression is 0.045. Which of the following statements is correct?
A
The analyst can reject the joint null hypothesis because each is different from 0 at the 95% confidence level.
B
The analyst cannot reject the joint null hypothesis because neither is different from 0 at the 95% confidence level.
C
The analyst can reject the joint null hypothesis because the F-statistic is significant at the 95% confidence level.
D
The analyst cannot reject the joint null hypothesis because the F-statistic is not significant at the 95% confidence level.