In an attempt to develop a model of wine quality as judged by wine experts, data on alcohol content and wine quality was collected from variants of a particular wine. From a sample of 17 wines, a model was created using the percentages of alcohol to predict wine quality From the results of that regression, b, 0.2777 and Sp₁ = 0.1057. a. At the 0.05 level of significance, is there evidence of a linear relationship between the percentage of alcohol and wine quality? b. Construct a 95% confidence interval estimate of the population slope. B₁. a. Determine the hypotheses for the test. Choose the correct answer below. ✔A. Ho B₁ = 0 H₁: B, 70 OD. Ho B, 20 H₁: B, <0 Compute the test statistic. STAT2.63 (Round to two decimal places as needed.) Identify the p-value of the test statistic. p-value= (Round to three decimal places as needed.). OB. Ho Po≤0 H₁ Po>0 O E. Ho B, ≤0 H₁ B₁>0 OC. Ho Bo20 OF. Ho Bo=0
In an attempt to develop a model of wine quality as judged by wine experts, data on alcohol content and wine quality was collected from variants of a particular wine. From a sample of 17 wines, a model was created using the percentages of alcohol to predict wine quality From the results of that regression, b, 0.2777 and Sp₁ = 0.1057. a. At the 0.05 level of significance, is there evidence of a linear relationship between the percentage of alcohol and wine quality? b. Construct a 95% confidence interval estimate of the population slope. B₁. a. Determine the hypotheses for the test. Choose the correct answer below. ✔A. Ho B₁ = 0 H₁: B, 70 OD. Ho B, 20 H₁: B, <0 Compute the test statistic. STAT2.63 (Round to two decimal places as needed.) Identify the p-value of the test statistic. p-value= (Round to three decimal places as needed.). OB. Ho Po≤0 H₁ Po>0 O E. Ho B, ≤0 H₁ B₁>0 OC. Ho Bo20 OF. Ho Bo=0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What's the p-value
Transcribed Image Text:In an attempt to develop a model of wine quality as judged by wine experts, data on alcohol content and wine quality was collected from variants of a particular wine. From a sample of 17 wines, a model was created using the percentages of alcohol to predict wine quality From
the results of that regression, b, 0.2777 and Sp₁ = 0.1057.
a. At the 0.05 level of significance, is there evidence of a linear relationship between the percentage of alcohol and wine quality?
b. Construct a 95% confidence interval estimate of the population slope. B₁.
a. Determine the hypotheses for the test. Choose the correct answer below.
✔A. Ho B₁ = 0
H₁: B, 70
OD. Ho B, 20
H₁: B, <0
Compute the test statistic.
STAT2.63
(Round to two decimal places as needed.)
Identify the p-value of the test statistic.
p-value=
(Round to three decimal places as needed.).
OB. Ho Po≤0
H₁ Po>0
O E. Ho B, ≤0
H₁ B₁>0
OC. Ho Bo20
OF. Ho Bo=0
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