The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation to forecast doll prices in the year 2014. is the quarterly price of dolls,and and are dummy variables for quarters I,II,and III,respectively. At the 2 percent level of statistical significance,is there a statistically significant trend in the price of dolls? A)Yes,because 0.0022 0.02. C)Yes,because 0.800 0.02. D)Yes,because 0.240 0.02. E)Yes,because 3.33 0.02.

Question

The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation  to forecast doll prices in the year 2014.  is the quarterly price of dolls,and  and  are dummy variables for quarters I,II,and III,respectively.  At the 2 percent level of statistical significance,is there a statistically significant trend in the price of dolls?
A)Yes,because 0.0022 < 0.02. 
B)No,because 0.0022 > 0.02. 
C)Yes,because 0.800 > 0.02. 
D)Yes,because 0.240 > 0.02. 
E)Yes,because 3.33 > 0.02.

Quizplus · Accepted Answer

The Answer of The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation  to forecast doll prices in the year 2014.  is the quarterly price of dolls,and  and  are dummy variables for quarters I,II,and III,respectively.  At the 2 percent level of statistical significance,is there a statistically significant trend in the price of dolls?
A)Yes,because 0.0022 < 0.02. 
B)No,because 0.0022 > 0.02. 
C)Yes,because 0.800 > 0.02. 
D)Yes,because 0.240 > 0.02. 
E)Yes,because 3.33 > 0.02.

The Manufacturer of Beanie Baby Dolls Used Quarterly Price Data