Use the following information to answer the question. A random sample of 30 couples who were also new home owners were asked to report the cost of their first house and their combined age when they married. The output of a regression analysis for predicting home cost from combined age is shown. Assume that the conditions of the linear regression model are satisfied.
-Test the hypothesis that the slope is zero (significance level is 0.05) , then choose the correct decision regarding the null hypothesis and the statement that correctly summarizes the conclusion.
A) Reject H0. We don't have enough evidence to reject a slope of zero which is an indication that no linear association exists between combined age of the couple and home cost.
B) Reject H0. There is enough evidence to reject a slope of zero which is an indication that a linear association exists between combined age of the couple and home cost.
C) Fail to reject H0. There is enough evidence to reject a slope of zero which is an indication that a linear association exists between combined age of the couple and home cost.
D) Fail to reject H0. We don't have enough evidence to reject a slope of zero which is an indication that no linear association exists between combined age of the couple and home cost.
Correct Answer:
Verified
Q1: Suppose that you were presented with data
Q3: Use the following information to answer the
Q4: Use the following information to answer the
Q5: The regression output below is the result
Q6: Biologists studying the relationship between the number
Q7: Choose the condition of the linear regression
Q8: Use the following information to answer the
Q9: Which of the following statements is not
Q10: Use the following information to answer the
Q11: Choose the statement(s)that are not true about
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents