Test the hypothesis that 1 = 6 in Exercise 7.9 on page 305 against the alternative

Question:

Test the hypothesis that β1 = 6 in Exercise 7.9 on page 305 against the alternative that β1 < 6. Use a 0.025 level of significance.

Data From Exercise 7.9

Advertising Costs ($)        Sales ($)
        40.................................. 385
        20.................................. 400
        25.................................. 395
        20.................................. 365
        30.................................. 475
        50.................................. 440
        40.................................. 490
        20.................................. 420
        50.................................. 560
        40.................................. 525
        25.................................. 480
        50.................................. 510

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Probability And Statistics For Engineers And Scientists

ISBN: 9780321783738

1st Edition

Authors: Ronald E. Walpole, Raymond Myers, Sharon L. Myers, Keying E. Ye

Question Posted: