Which one of the following statements is true using α = 0.05?
A) Because the 95% confidence interval for the population slope includes zero, we fail to reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
B) Because the 95% confidence interval for the population slope includes zero, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
C) Because the 95% confidence interval for the population slope does not include zero, we fail to reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
D) Because the 95% confidence interval for the population slope does not include zero, we can reject the null hypothesis and conclude that there is a relationship between the age and selling price of a used car.
Correct Answer:
Verified
Q6: Which one of the following statements is
Q7: According to these regression results, the average
Q8: The _ measures the amount of dispersion
Q9: The _ measures the variation in the
Q10: The percentage of the variation in hours
Q12: The size of the sample is _.
A)24
B)23
C)22
D)21
Q13: The measures the variation in the dependent
Q14: The formula for the equation describing a
Q15: The technique of _ enables us to
Q16: According to these regression results, the average
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