Exhibit 13-5 Below You Are Given a Partial Excel Output Based on Based

question 8

Multiple Choice

Exhibit 13-5
Below you are given a partial Excel output based on a sample of 25 observations.

-Refer to Exhibit 13-5. Carry out the test of significance for the parameter ₁ at the 5% level. The null hypothesis should be

• A)rejected
• B)not rejected
• C)revised
• D)None of these alternatives is correct.

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Definitions:

Innovations

refer to new ideas, methods, or devices that bring improvements or changes; the act or process of introducing new ideas, devices, or methods.

Transportation and Communication

Refers to the systems and methods used to move people and information from one place to another, including roads, railroads, air travel, emails, and telephones.

Overland Transportation

Transport of people and goods by land, including via railroads, trucks, or carriages, often used for shorter distances compared to maritime or air shipping.

Market Revolution

A transformative period that reshaped the U.S. economy through advancements in technology, transportation, and communication, linking regional markets into a national economy.