Consider the linear regression model: Y₁ = Bo + ß₁xi + €i, €i ~ N(0, 0²) and €; s independent. Test Ho: 6₁ = 0 vs H₁ : 6₁ 0 at the a = 0.01 significance level. Based on your P-value, your "statistical" conclusion is: O I reject the null hypothesis Ho: B₁ = 0 I fail to reject the null hypothesis Ho: B₁ = 0

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[STATISTICS] How do you solve this?

Recently, research efforts have focused on the problem of predicting a manufacturer's market share using
information on the quality of its product. Suppose that the following data are available on market share, in
percentage (Y), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure
(X).
X
A & wa w N
27
39
73
66
33
43
47
55
60
68
70
75
82
Y
2
10
9
4
6
5
8
7
9
10
13
12
Transcribed Image Text:Recently, research efforts have focused on the problem of predicting a manufacturer's market share using information on the quality of its product. Suppose that the following data are available on market share, in percentage (Y), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure (X). X A & wa w N 27 39 73 66 33 43 47 55 60 68 70 75 82 Y 2 10 9 4 6 5 8 7 9 10 13 12
Consider the linear regression model:
Y₁ = Bo + B₁xi + €į, € j ~ N(0, 2) and is independent.
Test Ho: B₁ = 0 vs Ha: 0₁0 at the a = 0.01 significance level.
B1
Based on your P-value, your "statistical" conclusion is:
O I reject the null hypothesis Ho B₁ = 0
I fail to reject the null hypothesis Ho: ₁ = 0
Transcribed Image Text:Consider the linear regression model: Y₁ = Bo + B₁xi + €į, € j ~ N(0, 2) and is independent. Test Ho: B₁ = 0 vs Ha: 0₁0 at the a = 0.01 significance level. B1 Based on your P-value, your "statistical" conclusion is: O I reject the null hypothesis Ho B₁ = 0 I fail to reject the null hypothesis Ho: ₁ = 0
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