SCENARIO 18-12
the Marketing Manager for a Nationally Franchised Lawn $\beta$

question 74

Multiple Choice

SCENARIO 18-12
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; 15 did not have a lawn service (code 0) and 15 had a lawn service (code 1) . Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars) , lawn size (Lawn Size, in thousands of square feet) , attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1 = favorable) , number of teenagers in the household (Teenager) , and age of the head of the household (Age) . The Minitab output is given below:

-Referring to Scenario 18-10 Model 1,which of the following is the correct alternative hypothesis to test whether being married or not makes a difference in the mean number of weeks a worker is unemployed due to a layoff while holding constant the effect of all the other independent variables?

• A)H₁ : \(\beta\)₁ \(\neq\) 0
• B)H₁ : \(\beta\)₂ \(\neq\) 0
• C)H₁ : \(\beta\)₃ \(\neq\) 0
• D)H₁ : \(\beta\)₄ \(\neq\) 0

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Definitions:

Comparative Balance Sheet

Financial statements that display the financial position of a company at different points in time side-by-side, to facilitate comparison.

Income Statement

An income statement is a financial document that reports a company’s financial performance over a specific accounting period, outlining revenues, expenses, and net income.

Additional Information

Supplementary data or facts that provide more context or clarification to the main content or findings.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.