Use the Following Information to Answer the Question

question 33

Multiple Choice

Use the following information to answer the question. A random sample of 30 married couples were asked to report the height of their spouse and the height of their biological parent of the same gender as their spouse. The output of a regression analysis for predicting spouse height from parent height is shown. Assume that the conditions of the linear regression model are satisfied.

-Test the hypothesis that the slope is zero (significance level is 0.05) , then choose the correct decision regarding the null hypothesis and the statement that correctly summarizes the conclusion.

• A)Fail to reject H0. There is enough evidence to reject a slope of zero which is an indication that a linear association exists between parent height and spouse height.
• B)Reject H0. We don't have enough evidence to reject a slope of zero which is an indication that no linear association exists between parent height and spouse height.
• C)Reject H0. There is enough evidence to reject a slope of zero which is an indication that a linear association exists between parent height and spouse height.
• D)Fail to reject H0. We don't have enough evidence to reject a slope of zero which is an indication that no linear association exists between parent height and spouse height.

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Definitions:

Markets

Systems, institutions, procedures, social relations, and infrastructures whereby parties engage in exchange, buying and selling goods, services, or information.

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different customer groups based on attributes like age, location, or income.

Profit-Maximizing Monopolist

A single seller in a market who determines the optimal level of output and price to maximize profits, facing no competition.

Same Price

A situation where different products, services, or commodities are sold for an identical amount of money.