Tiffany Dolsing, a market analyst at the market research firm of Sanders & Sons, is analyzing household budget data coll
Posted: Thu Apr 28, 2022 7:57 am
Tiffany Dolsing, a market analyst at the market research firm of
Sanders & Sons, is analyzing household budget data collected by
her firm. Tiffany’s dependent variable is monthly household
expenditures on groceries (in $'s), and her independent variable is
annual household income (in $1,000's). Regression analysis of the
data yielded the following tables.
Coefficients
Standard Error
t Statistic
p-value
Intercept
39.14942
22.30182
1.755436
0.109712
x
1.792312
0.407507
4.398234
0.001339
Source
df
SS
MS
F
s.e. = 29.51443
Regression
1
16850.99
16850.99
19.34446
r2 = 0.682478
Residual
9
7839.915
871.1017
Total
10
24690.91
Using α = 0.05, Tiffany should
________________.
reject H0: β1 = 0
not reject H0: β1 = 0
increase the sample size
suspend judgment
reject H0: β0 = 0
Sanders & Sons, is analyzing household budget data collected by
her firm. Tiffany’s dependent variable is monthly household
expenditures on groceries (in $'s), and her independent variable is
annual household income (in $1,000's). Regression analysis of the
data yielded the following tables.
Coefficients
Standard Error
t Statistic
p-value
Intercept
39.14942
22.30182
1.755436
0.109712
x
1.792312
0.407507
4.398234
0.001339
Source
df
SS
MS
F
s.e. = 29.51443
Regression
1
16850.99
16850.99
19.34446
r2 = 0.682478
Residual
9
7839.915
871.1017
Total
10
24690.91
Using α = 0.05, Tiffany should
________________.
reject H0: β1 = 0
not reject H0: β1 = 0
increase the sample size
suspend judgment
reject H0: β0 = 0