Suppose that we want to conduct a 90% confidence test about whether the mostrecent marketing budget higher than the historical average based on the data inexhibit 7. Which of the following would be the most appropriate statistical test?O ANOVAO F-testO z-testO t-test Exhibit 7: Data for Mulitple Regression56AverageGrower ReturnMarketingBudget (mil$)57ConfirmedBearing Acreage (1000 acres)(S/box)HLB (count)584517.014032.5594408.553733.460433.49.873635.0661429.27.573434.362418.710.064028.1663405.59.712820.27643879.832619.3365367.511.72315.9266361.810.422516.4567

Suppose that we want to conduct a 90% confidence test about whether the most recent marketing budget higher than the historical average based on the data in exhibit 7. Which of the following would be the most appropriate statistical test? O ANOVA F-test O z-test t-test

Suppose that we want to conduct a 90% confidence test about whether the most recent marketing budget higher than the historical average based on the data in exhibit 7. Which of the following would be the most appropriate statistical test? O ANOVA F-test O z-test t-test

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Suppose that we want to conduct a 90% confidence test about whether the most
recent marketing budget higher than the historical average based on the data in
exhibit 7. Which of the following would be the most appropriate statistical test?
O ANOVA
O F-test
O z-test
O t-test

Exhibit 7: Data for Mulitple Regression
56
Average
Grower Return
Marketing
Budget (mil
$)
57
Confirmed
Bearing Acreage (1000 acres)
(S/box)
HLB (count)
58
451
7.01
40
32.5
59
440
8.55
37
33.4
60
433.4
9.87
36
35.06
61
429.2
7.57
34
34.3
62
418.7
10.06
40
28.16
63
405.5
9.71
28
20.27
64
387
9.83
26
19.33
65
367.5
11.7
23
15.92
66
361.8
10.42
25
16.45
67

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