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A Local Tire Dealer Wants to Predict the Number of Tires

question 115

Multiple Choice

A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. $A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. = 24 = 124 = 42 = 338 = 196 Find the rejection point for the t statistic at \alpha = .05 and test H0: \beta 1 \le 0 vs.Ha: \beta 1 > 0. A) 2.132,reject the null hypothesis B) 2.132,fail to reject the null hypothesis C) 2.645,reject the null hypothesis D) 2.645,fail to reject the null hypothesis$ = 24 $A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. = 24 = 124 = 42 = 338 = 196 Find the rejection point for the t statistic at \alpha = .05 and test H0: \beta 1 \le 0 vs.Ha: \beta 1 > 0. A) 2.132,reject the null hypothesis B) 2.132,fail to reject the null hypothesis C) 2.645,reject the null hypothesis D) 2.645,fail to reject the null hypothesis$ = 124 $A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. = 24 = 124 = 42 = 338 = 196 Find the rejection point for the t statistic at \alpha = .05 and test H0: \beta 1 \le 0 vs.Ha: \beta 1 > 0. A) 2.132,reject the null hypothesis B) 2.132,fail to reject the null hypothesis C) 2.645,reject the null hypothesis D) 2.645,fail to reject the null hypothesis$ = 42 $A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. = 24 = 124 = 42 = 338 = 196 Find the rejection point for the t statistic at \alpha = .05 and test H0: \beta 1 \le 0 vs.Ha: \beta 1 > 0. A) 2.132,reject the null hypothesis B) 2.132,fail to reject the null hypothesis C) 2.645,reject the null hypothesis D) 2.645,fail to reject the null hypothesis$ = 338 $A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .Based on the data set with 6 observations,the simple linear regression model yielded the following results. = 24 = 124 = 42 = 338 = 196 Find the rejection point for the t statistic at \alpha = .05 and test H0: \beta 1 \le 0 vs.Ha: \beta 1 > 0. A) 2.132,reject the null hypothesis B) 2.132,fail to reject the null hypothesis C) 2.645,reject the null hypothesis D) 2.645,fail to reject the null hypothesis$ = 196 Find the rejection point for the t statistic at $\alpha$ = .05 and test H₀: $\beta$ ₁ $\le$ 0 vs.H_a: $\beta$ ₁ > 0.

Definitions:

External Sources

Information, knowledge, or resources obtained from outside an individual's or organization's immediate environment or internal systems.

Stanley Milgram

A psychologist known for his landmark study on obedience to authority figures, demonstrating people's willingness to follow orders.

Obedience To Authority

A form of social influence where individuals follow orders or directives from an authority figure, sometimes against their own interests.

Stanley Schachter

A psychologist known for his research on social behavior, emotion, and group dynamics, including the study of anxiety, affiliation, and social comparison.