Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions :
For a data set of 8 values of x and y,the value of = 180,the standard deviation of errors for the regression of y on x is 9.237,and the value of b is -6.28.
For the purpose of running a hypothesis test,the null hypothesis is that the slope of the population regression line of y on x is zero and the alternative hypothesis is that the slope of this population regression line is less than zero.The significance level is 1%.
-What is the critical value of t?

• A)-2.896
• B)-2.998
• C)-3.499
• D)-3.143

---

Definitions:

Ethnocentrism

The act of evaluating other cultures according to preconceptions originating in the standards and customs of one's own culture.

Country-of-Origin Effects

The influence that the country where a product is produced has on consumers' perceptions and attitudes towards the product.

Decision-Making Heuristic

Cognitive shortcuts or rules of thumb that simplify decision-making processes, often used under conditions of uncertainty.

Consumer Decision-Making

The process by which consumers identify their needs, gather information, evaluate alternatives, and make purchases.