From a sample of size 31, SAS gives the following information:
Variable Estimate Standard Error
Intercept -1.0208 1.3443
Xi 0.6465 0.0288
X2 0.5555 0.2204
X3 0.2448 0.1156
a. If only one explanatory variable is to be dropped from the model, which one should be dropped? Why?
b. Given the estimated covariance of and is 0.5, obtain a 99% Bonferroni confidence interval of where = +3/2 and 2 = 3.