We obtain the following demand curve of beef in a market with 25 observations: Q with hat on top equals 654.121 – 3.144 P, where Q is quantity demanded of beef measured in pounds, P is price measured in dollars per pound. The standard error of the slope coefficient is 1.521. We want to test the null hypothesis beta subscript 2 equals negative 4 versus the alternative it is not. What is the t-value you calculate for the test

The correct answer has not yet been found for the question. Our moderators are looking for the most suitable solutions for you. Could you share your comments with us for the answer to this question?