Exhibit 15-1.An marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and so collects monthly data for 25 firms.He estimates the model .The following table shows a portion of the regression results. Refer to Exhibit 15-1.When testing whether the slope coefficient differs from 3,the critical values at the 5% significance level are -2.069 and 2.069.The conclusion to the test is to A)Reject H₀;the slope coefficient differs from 3. B)Not reject H₀;the slope coefficient differs from 3. C)Reject H₀;the slope coefficient does not differ from 3. D)Not reject H₀;the slope coefficient does not differ from 3.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 15-1.An marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and so collects monthly data for 25 firms.He estimates the model .The following table shows a portion of the regression results. Refer to Exhibit 15-1.When testing whether the slope coefficient differs from 3,the critical values at the 5% significance level are -2.069 and 2.069.The conclusion to the test is to A)Reject H₀;the slope coefficient differs from 3. B)Not reject H₀;the slope coefficient differs from 3. C)Reject H₀;the slope coefficient does not differ from 3. D)Not reject H₀;the slope coefficient does not differ from 3.