A marketing analyst wants to examine the relationship between sales (in $1.000s) and advertising (in $100s) for firms in the food and beverage industry and collects monthly data for 25 firms. He estimates the model: Sales- Bo + B1 Advertising +t. The following table shows a portion of the regression results. Coefficients Standard Error t-stat P-value Intercept Advertising 40.10 14.08 2.848 0.0052 2.88 1.52 -1.895 0.0608 Which of the following are the competing hypotheses used to test whether the slope coefficient differs from 3? Multiple Choice O Hg : bị - 3; Natbi 3 O Họ i b - 2.88; HAib 2.88

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A marketing analyst wants to examine the relationship between sales (in $1,000s) and advertising (in $100s) for firms in the food and beverage industry
and collects monthly data for 25 firms. He estimates the modet:
Sales- Bo + B1 Advertising +t. The following table shows a portion of the regression results.
Coefficients
Standard Error
t-stat
p-value
Intercept
40.10
14.08
2.848
0.0052
Advertising
2.88
1.52
-1.895
0.0608
Which of the following are the competing hypotheses used to test whether the slope coefficient differs from 3?
Multiple Choice
Ho i bị 3; HAtbi3
Họ ib - 2.88; HAibi 2.88
Transcribed Image Text:A marketing analyst wants to examine the relationship between sales (in $1,000s) and advertising (in $100s) for firms in the food and beverage industry and collects monthly data for 25 firms. He estimates the modet: Sales- Bo + B1 Advertising +t. The following table shows a portion of the regression results. Coefficients Standard Error t-stat p-value Intercept 40.10 14.08 2.848 0.0052 Advertising 2.88 1.52 -1.895 0.0608 Which of the following are the competing hypotheses used to test whether the slope coefficient differs from 3? Multiple Choice Ho i bị 3; HAtbi3 Họ ib - 2.88; HAibi 2.88
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