Consider the Partially Completed ANOVA Table Showing the Results of a Regression

question 53

Multiple Choice

Consider the partially completed ANOVA table showing the results of a regression analysis shown.
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$\begin{array}{|lcrcl|}\hline \text { Source of } & {\text { Sum of }} & {\text { Mean }} & \\\text { variation } & \text { squares } & \text { df } & \text { squares } & \text { F-ratio } \\\text { Regression } & 305.1 & 1 & ? & ? \\\text { Residual } & 1247.3 & 24 & ? & \\\text { Total } & 1552.4 & 25 & & \\\hline\end{array}$
-If the slope is -1.64, the residual mean square is 3.6, the sum of squares for X is 2.5, and the sample size is 16, based on the t-test statistic using a hypothesized slope of 1.0, and using your table of critical t-values, which of the following P-value ranges matches the one for the t-value?

• A) P > 0.05
• B) 0.02 < P < 0.05
• C) 0.01 < P < 0.02
• D) P < 0.01

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Definitions:

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Duress

A situation where a person performs an act as a result of violence, threat, or other pressure against the person.

Economic Condition

The state of an economy at a given time, including factors like GDP, unemployment rates, and inflation.

Slump

A significant, sudden decrease in economic activity or market prices, often reflecting a downturn in a particular industry or the economy as a whole.