A marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and so collects monthly data for 25 firms.He estimates the model: Sales = β₀ + β₁ Advertising + ε.The following table shows a portion of the regression results. When testing whether the slope coefficient differs from 3,the critical values at the 5% significance level are −2.069 and 2.069.The conclusion to the test is to _______________________________________________. A) reject H₀;the slope coefficient differs from 3 B) not reject H₀;the slope coefficient differs from 3 C) reject H₀;the slope coefficient does not differ from 3 D) not reject H₀;the slope coefficient does not differ from 3

Question

Quizplus · Accepted Answer

The Answer of A marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and so collects monthly data for 25 firms.He estimates the model: Sales = β₀ + β₁ Advertising + ε.The following table shows a portion of the regression results. When testing whether the slope coefficient differs from 3,the critical values at the 5% significance level are −2.069 and 2.069.The conclusion to the test is to _______________________________________________. A) reject H₀;the slope coefficient differs from 3 B) not reject H₀;the slope coefficient differs from 3 C) reject H₀;the slope coefficient does not differ from 3 D) not reject H₀;the slope coefficient does not differ from 3

A Marketing Analyst Wants to Examine the Relationship Between Sales