Regression Analysis The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/Mega-Stat output given above summarizes the results of the regression model. In testing the population for significance at a significance level of .05,what is the rejection point condition for the two-sided test? A)Reject H₀ if |t| 2.571 B)Reject H₀ if t 2.571 C)Reject H₀ if |t| 2.051 E)Reject H₀ if t 2.051

Question

Regression Analysis The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/Mega-Stat output given above summarizes the results of the regression model. In testing the population for significance at a significance level of .05,what is the rejection point condition for the two-sided test? A)Reject H₀ if |t| > 2.571 B)Reject H₀ if t > 2.571 C)Reject H₀ if |t| < 2.571 D)Reject H₀ if |t| > 2.051 E)Reject H₀ if t > 2.051

Quizplus · Accepted Answer

The rejection point condition for a two-sided test at a significance level of .05 with 5 degrees of freedom is |t| > 2.571. Therefore, the null hypothesis would be rejected if |t| exceeds this value.

Regression Analysis the Local Grocery Store Wants to Predict