Question: If the test H0: 1 = 0 versus Ha: 1 0 results in a small p-value, can we be confident that the regression model

If the test H0: β1 = 0 versus Ha: β1 ≠ 0 results in a small p-value, can we be confident that the regression model provides a good estimate of the response value for a given value of xi? Provide an explanation for your answer.

Step by Step Solution

★★★★★

3.48 Rating (187 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

If the hypothesis test results in a small pvalue we can reject ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

614-M-S-N-S (2035).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output, a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output, a. Use the explained...

Q:

We give MINITAB and Excel outputs of simple linear regression analyses of the data sets related to six previously discussed case studies. Using the appropriate computer output. a. Use the explained...

Q:

Athletes are constantly seeking measures of the degree of their cardiovascular fitness prior to a major race, because they want to ensure that they are training at a level which will produce peak...

Q:

Use R code for "" (A)* Using the following data, construct a simple linear model in R using the variable X as the predictor, and the variable Y as the response. X

Q:

Al a Mode, Inc. is considering one of two investment options. Option 1 is a $40,000 investment in new blending equipment that is expected to produce equal annual cash flows of $12,000 for each of...

Q:

Compare the three varieties of flowers. The biologists who collected the flower length data in the previous exercise compared the three Heliconia varieties using statistical methods based on x and s....

Q:

Describe the job of the chief medical officer. How does this position relate to the management of healthcare?

Q:

According to a study by the American Pet Food Dealers Association, 63% of U.S. house-holds own pets. A report is being prepared for an editorial in the San Francisco Chronicle. As a part of the...

Q:

Tina Dennis is the comptroller for Meek Industries. She believes that the current cash-flow problem at Meek is due to the slow collection of accounts receivable. She believes that more than 60% of...

Q:

The policy of the Suburban Transit Authority is to add a bus route if more than 55% of the potential commuters indicate they would use the particular route. A sample of 70 commuters revealed that 42...

Q:

A computer network manager wants to test the reliability of some new and expensive fiber-optic Ethernetcables that the computer department just received. The computer department received 4 boxes...

Q:

Net working capital includes: A. a land purchase. B. an invoice from a supplier. C non cash expenses. D. fixed asset depreciation. binne die twear mortgage

Q:

1a. Consider the following two investment alternatives: First, a risky portfolio that pays a 15% rate of return with a probability of 30% or a 4% rate of return with a probability of 70%. Second, a...