A sociologist wishes to study the relationship between happiness and age.He interviews 24 individuals and collects data on age and happiness,measured on a scale from 0 to 100.He estimates the following model: Happiness = β0 + β1Age + ε.The following table summarizes a portion of the regression results. When defining whether age is significant in explaining happiness,the competing hypotheses are _____________________.
A) H0:β1 = 1;HA:β1 ≠ 1
B) H0:β1 = 0;HA:β1 ≠ 0
C) H0:β1 ≤ 0;HA:β1 > 0
D) H0:b1 ≥ 1;HA:β1 < 1
Correct Answer:
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