Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI) , is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) .Regression analysis of the data yielded the following tables:
Using = 0.05, Louis should ___.
A) increase the sample size
B) suspend judgment
C) not reject H0: 1 = 0
D) reject H0: 1 = 0
E) do not reject H0: 0 = 0
Correct Answer:
Verified
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