Question: D. Develop the null and alternative hypothesis for the bi coefficient (average price per patient - one-tail test), the b2 coefficient (average price charged by

 D. Develop the null and alternative hypothesis for the bi coefficient

D. Develop the null and alternative hypothesis for the bi coefficient (average price per patient - one-tail test), the b2 coefficient (average price charged by competition - one tail test) and the by coefficient (advertising variable - two tail test). Briefly describe when it is appropriate to use a one-tail test relative compared to a two-tailed t-test? Use a t-test to determine the level statistical significance for each individual independent variables at the 95 and 99 percent confidence levels

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