In Simple Linear Regression, Most Often We Perform a Two-Tail

question 188

Multiple Choice

In simple linear regression, most often we perform a two-tail test of the population slope b ₁ to determine whether there is sufficient evidence to infer that a linear relationship exists. The null hypothesis is stated as:

• A)H ₀: b ₁ = 0
• B)H ₀: b ₁ = b ₁
• C)H ₀: b ₁ ¹ 0
• D)None of these choices.

---

Definitions:

Tangible Costs

Costs associated with an identifiable physical item or service, such as raw materials, labor, and manufacturing expenses.

Climatic Conditions

The weather conditions prevailing in an area in general or over a long period, affecting living conditions, agriculture, and industry.

Location Decision

The process of selecting an optimal site for a new facility, taking into account factors like cost, logistics, and market access.

Clustering

The location of competing companies near each other, often because of a critical mass of information, talent, venture capital, or natural resources.