test whether each of the regression parameters β0 and β1 is equal to zero at a 0.01 level of significance. what are the correct interpretations of the estimated regression parameters? are these interpretations reasonable? (i) we cannot conclude that neither β0 nor β1 are equal to zero, where β0 is the estimated total points earned when the hours spent studying is zero and β1 is the estimated change in total points earned for a one hour increase in time spent studying. the interpretation of β0 is reasonable but the interpretation of β1 is not reasonable.