Solved

Abby Kratz, a Market Specialist at the Market Research Firm

Question 89

Multiple Choice

Abby Kratz, a market specialist at the market research firm of Saez, Sikes, and Spitz, is analyzing household budget data collected by her firm.Abby's dependent variable is monthly household expenditures on groceries (in $'s) , and her independent variable is annual household income (in $1,000's) .Regression analysis of the data yielded the following tables.  Abby Kratz, a market specialist at the market research firm of Saez, Sikes, and Spitz, is analyzing household budget data collected by her firm.Abby's dependent variable is monthly household expenditures on groceries (in  <br> <span class= Soures  df  SS  MS F Regressium 176850.9916850.9919.3444 Retidual 97839.915871.10017 Total 1024690.91\begin{array}{|c|c|c|c|c|}\hline \text { Soures } & \text { df } & \text { SS } & \text { MS } & F \\\hline \text { Regressium } & 1 & 76850.99 & 16850.99 & 19.3444 \\\hline \text { Retidual } & 9 & 7839.915 & 871.10017 & \\\hline \text { Total } & 10 & 24690.91 & & \\\hline\end{array}Se=29.51448r2=0.682478\begin{array} { | l | } \hline S _ { \mathrm { e} } = 29.51448 \\\hline r ^ { 2 } = 0.682478 \\\hline\end{array} Using α\alpha = 0.05, Abby should ________________.
A) reject H0: β\beta 1 = 0
B) not reject H0: β\beta 1 = 0
C) increase the sample size
D) suspend judgment
E) reject H0: β\beta 0 = 0s) , and her independent variable is annual household income (in $1,000's) .Regression analysis of the data yielded the following tables. \begin{array}{|c|c|c|c|c|} \hline \text { Soures } & \text { df } & \text { SS } & \text { MS } & F \\ \hline \text { Regressium } & 1 & 76850.99 & 16850.99 & 19.3444 \\ \hline \text { Retidual } & 9 & 7839.915 & 871.10017 & \\ \hline \text { Total } & 10 & 24690.91 & & \\ \hline \end{array}\begin{array} { | l | } \hline S _ { \mathrm { e} } = 29.51448 \\ \hline r ^ { 2 } = 0.682478 \\ \hline \end{array} Using \alpha = 0.05, Abby should ________________. A) reject H0: \beta 1 = 0 B) not reject H0: \beta 1 = 0 C) increase the sample size D) suspend judgment E) reject H0: \beta 0 = 0 " class="answers-bank-image d-block" rel="preload" >
 Soures  df  SS  MS F Regressium 176850.9916850.9919.3444 Retidual 97839.915871.10017 Total 1024690.91\begin{array}{|c|c|c|c|c|}\hline \text { Soures } & \text { df } & \text { SS } & \text { MS } & F \\\hline \text { Regressium } & 1 & 76850.99 & 16850.99 & 19.3444 \\\hline \text { Retidual } & 9 & 7839.915 & 871.10017 & \\\hline \text { Total } & 10 & 24690.91 & & \\\hline\end{array}Se=29.51448r2=0.682478\begin{array} { | l | } \hline S _ { \mathrm { e} } = 29.51448 \\\hline r ^ { 2 } = 0.682478 \\\hline\end{array} Using α\alpha = 0.05, Abby should ________________.


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents