THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 117

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A loan officer is interested in examining the determinants of the total dollar value of residential loans made during a month.The officer used Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ + ε to model the relationship,where Y is the total dollar value of residential loans in a month (in millions of dollars) ,X₁ is the number of loans,X₂ is the interest rate,and X₃ is the dollar value of expenditures of the bank on advertising (in thousands of dollars) .Using data from the past 24 months,she obtained the following results:
= 5.7 + 0.189x₁ - 1.3x₂ + 0.08x₃,
= 3.2,
= 0.03,
= 0.062,
= 0.17,R² = 0.46,and adjusted
= 0.41.
-What should the null and alternative hypotheses be for β₁?

• A)H₀ : β₁ = 0, H₁ : β₁ > 0
• B)H₀ : β₁ = 0,H₁ : β₁ < 0
• C)H₀ : β₁ ≠ 0,H₁ : β₁ = 0
• D)H₀ : β₁ > 0, H₁ : β₁ < 0

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Definitions:

Legal Research Queries

Specific questions or topics searched within legal databases, literature, or case law to aid in the understanding or arguing of legal cases.

Broad

Referring to something that is wide in scope, general, or inclusive in nature.

Vague

Lacking clarity or preciseness in thought or expression, often leading to ambiguity and misunderstanding.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.