In Bivariate Regression, If the F Value Is Not Significant

question 68

Multiple Choice

In bivariate regression, if the F value is not significant (say .051) , then:

• A) we accept the null hypothesis that a straight-line model fits our data
• B) we reject the null hypothesis that a straight-line model does not fit our data
• C) we abandon our efforts to analyze the two variables
• D) check for outliers
• E) rerun the regression

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Definitions:

Natural Monopoly

A market structure where a single provider is more efficient in supplying the entire market with a product or service, due to high fixed or startup costs.

Average-Cost Curve

The average-cost curve represents the total cost of production divided by the quantity of output produced, showing how the average cost per unit of product changes with changes in output level.

Government Regulation

Rules or laws established by governments to control or manage specific activities, businesses, or industries.