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Louis Tang, a Cost Accountant at Prime Plastics, Inc α\alpha = 005, Louis Should ___

Question 64

Multiple Choice

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:  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  \alpha  = 0.05, Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>:  \beta <sub>1</sub> = 0 D) reject H<sub>0</sub>:  \beta <sub>1</sub> = 0 E) do not reject H<sub>0</sub>:  \beta <sub>0</sub> = 0  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  \alpha  = 0.05, Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>:  \beta <sub>1</sub> = 0 D) reject H<sub>0</sub>:  \beta <sub>1</sub> = 0 E) do not reject H<sub>0</sub>:  \beta <sub>0</sub> = 0 Using α\alpha = 0.05, Louis should ___.


A) increase the sample size
B) suspend judgment
C) not reject H0: β\beta 1 = 0
D) reject H0: β\beta 1 = 0
E) do not reject H0: β\beta 0 = 0

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