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In Simple Linear Regression, Most Often We Perform a Two-Tail β1\beta _ { 1 }

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In simple linear regression, most often we perform a two-tail test of the population slope β1\beta _ { 1 } to determine whether there is sufficient evidence to infer that a linear relationship exists. Which of the following best describes the null and alternative hypotheses needed for a test of significance?


Definitions:

Manufacturing-Based

A perspective or approach that focuses primarily on production processes and efficiencies in product creation.

Product-Based

An approach or business strategy that focuses on the development, manufacturing, and selling of tangible goods as opposed to services.

Pareto Charts

Graphics that identify the few critical items as opposed to many less important ones.

Product Liability

Legal responsibility of manufacturers and sellers to compensate for losses or damages caused by defects in their products.

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