Now the analyst decides to test the null hypothesis Ho: B= 0. Let the level of significance be 0.10 and the p-value 0.05. What can he conclude? a. ß is not statistically significant O b. Bis statistically significant The test is inconclusive C.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 5E
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An analyst wants to study whether the sales of company XYZ go up and down depending on changes in GDP.
Therefore, the analyst decides to estimate the following model:
sales, = a + ßgdpgrowth, +u,.
Now the analyst decides to test the null hypothesis Ho: B= 0. Let the level of significance be 0.10 and the p-value
0.05. What can he conclude?
a. Bis not statistically significant
O b. Bis statistically significant
C. The test is inconclusive
Clear my choice
Transcribed Image Text:An analyst wants to study whether the sales of company XYZ go up and down depending on changes in GDP. Therefore, the analyst decides to estimate the following model: sales, = a + ßgdpgrowth, +u,. Now the analyst decides to test the null hypothesis Ho: B= 0. Let the level of significance be 0.10 and the p-value 0.05. What can he conclude? a. Bis not statistically significant O b. Bis statistically significant C. The test is inconclusive Clear my choice
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