Hey madams5402.
See your other post on this topic.
Im given 10 observations for some variable X along with 10 observations of the error term(u) (pulled from normal distribution with mean=0 and variance=10). I'm given this equation:
Yi=1+.5Xi+ui
and that B0=1 and B1=.5. Im than told that since I know the true properties of the data, than I need to find the following:
1) True Variance of Beta^{hat}o and Beta^{hat}1
I honestly don't really know what its asking so if anyone could help or offer some insight that would be great.