TABLE 14-19 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 270

True/False

TABLE 14-19
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service.A random sample of 30 home owners located in a suburban area near a large city was selected; 11 did not have a lawn service (code 0)and 19 had a lawn service (code 1).Additional information available concerning these 30 home owners includes family income (Income,in thousands of dollars)and lawn size (Lawn Size,in thousands of square feet).
The PHStat output is given below:
-True or False: Referring to Table 14-19,the null hypothesis that the model is a good-fitting model cannot be rejected when allowing for a 5% probability of making a type I error.

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Definitions:

Bondholders

Investors or entities that own bonds issued by corporations or governments, holding a right to receive fixed interest payments.

Customers

Individuals or entities that purchase goods or services from a business.

Preemptive Rights

Rights that allow existing shareholders to buy additional shares before new shares are offered to the public, thus maintaining their percentage of ownership.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.