What Is the Alternate Hypothesis to Test the Significance of the Slope

question 5

Multiple Choice

What is the alternate hypothesis to test the significance of the slope in a regression equation?

• A)H₁: β = 0
• B)H₁: β ≠ 0
• C)H₁: β ≤ 0
• D)H₁: β ≥ 0

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Definitions:

Competitive Advantage

An attribute that allows an organization to outperform its competitors, leading to greater sales or margins and/or retaining more customers.

Primary Stakeholders

Individuals or groups directly affected by an organization's operations, including employees, customers, suppliers, and investors.

External Environment

Factors outside an organization that can affect its operation, such as economic, social, technological, and political conditions.

Sustainable Competitive Advantage

A long-term value that a company possesses, making it difficult for competitors to replicate or overcome, ensuring continued business success.