In: Economics
Q7
This is from a dataset of 420 CA school districts.
We estimate the relationship between the student-teacher ratio (X1=STR) and test scores (Y=TestScore), controlling for the percentage of English learners in the classroom (X2=PctEL):
TestScore=686.0-1.10*STR-0.65*PctEL
The standard error of beta0hat is 8.7. The standard error of beta1hat is 0.43. The standard error of beta2hat is 0.31.
Test the statistical significance of STR using alpha=0.05.
What is the lower bound of your 95% confidence interval? Round to two decimal places.