Jim Royo, Manager of Billings Building Supply (BBS), Wants to Develop

question 26

Multiple Choice

Jim Royo, Manager of Billings Building Supply (BBS) , wants to develop a model to forecast BBS's monthly sales (in $1,000's) .He selects the dollar value of residential building permits (in $10,000) as the predictor variable.An analysis of the data yielded the following tables. Jim's calculated value for the Durbin-Watson statistic is 1.14.Using $\alpha$ = 0.05, the appropriate decision is: _________.

• A)do not reject H₀: \(\rho\) = 0
• B)reject H₀: \(\rho\) = 0
• C)do not reject H₀: \(\rho\)\(\neq\) 0
• D)the test is inconclusive
• E)reject H₀: \(\rho\) ≠ 0

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Definitions:

Robert Putnam

A political scientist known for his research on social capital and its impact on democratic engagement and community life.

American Civil Society

The network of private institutions, community associations, networks, and norms that function independently of the government to promote social unity and civic engagement.

Racial Discrimination

Prejudice or discrimination against individuals based on their race or ethnicity, often resulting in unequal treatment or opportunities.

Religious Discrimination

Unfair or prejudicial treatment of individuals based on their religious beliefs or practices.