Jim Royo,manager of Billings Building Supply (BBS),wants to Develop a Model

question 15

Multiple Choice

Jim Royo,manager of Billings Building Supply (BBS) ,wants to develop a model to forecast BBS's monthly sales (in $1,000's) .He selects the dollar value of residential building permits (in $10,000) as the predictor variable.An analysis of the data yielded the following tables:
Jim's calculated value for the Durbin-Watson statistic is 1.93.Using $\alpha$ = 0.05,the appropriate decision is: ___.

• A)do not reject H₀: \(\rho\) = 0
• B)reject H₀:\(\rho\)≠ 00
• C)do not reject: \(\rho\) \(\neq\) 0
• D)the test is inconclusive
• E)reject H₀: \(\rho\) = 0

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Definitions:

Evolutionary Psychology

A theoretical approach in psychology that examines the psychological structures from the perspective of evolution, suggesting that many human behaviors have evolved to solve recurrent problems in ancestral environments.

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The field studying the influence of genetics and environment on individual differences in behavior.

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A branch of science that explores the biological foundations of behavior, emotions, and mental processes.

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Hormones responsible for male characteristics and reproductive functions, existing in both men and women.