A Sports Analyst Wants to Exam the Factors That May

question 67

Multiple Choice

A sports analyst wants to exam the factors that may influence a tennis player's chances of winning.Over four tournaments,he collects data on 30 tennis players and estimates the following model: Win = β₀ + β₁ Double Faults + β₂Aces + ε,where Win is the proportion of winning,Double Faults is the percentage of double faults made,and Aces is the number of aces.A portion of the regression results are shown in the accompanying table. Excel shows that the 95% confidence interval for β₁ is [−0.12,−0.002].When determining whether or not Double Faults is significant at the 5% significance level,he ________________________________________________________.

• A) rejects H₀: β₁ = 0,and concludes that Double Faults is significant
• B) does not reject H₀: β₁ = 0,and concludes that Double Faults is significant
• C) rejects H₀: β₁ = 0,and concludes that Double Faults is not significant
• D) does not reject H₀:β₁ = 0,and concludes that Double Faults is not significant

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Definitions:

Competitive Pressures

Forces that challenge a company's market position, including competition from other firms, pricing strategies, and innovation demands.

Pricing Consistency

The strategy of maintaining stable prices for products or services over a period of time to build customer trust and loyalty.

Pricing Strategies

Methods businesses use to establish the price of their products or services, aiming to maximize profitability and meet market demand.

Wholesaler

A person or company that buys goods in large quantities from manufacturers and sells them in smaller quantities to retailers or other businesses.