Question: If null hypothesis is tested that RAM variable has no effect on Price of Mac Book, t-statistic is 5.37 and associated probability of 0.000. Question
If null hypothesis is tested that RAM variable has no effect on Price of Mac Book, t-statistic is 5.37 and associated probability of 0.000.
Question 13 options:
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| RAM is required element of any Mac Book. |
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| We should accept null hypothesis that RAM has no effect on Price at probability of 0.05 level. |
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| We should reject null hypothesis that RAM has no effect on Price at probability of 0.05 level. |
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| It difficult to decide. There is not enough details given. |
Question 14 (1 point)
Coefficient of Screen variable is -696.393. That means,
Question 14 options:
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| Mac Book should have Screen size of 696 centimeters of Screen |
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| Mac Book with 13 inches of Screen would be expected to be $696.393 cheaper than 14 inches Screen size. |
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| It is not possible to conclude anything. |
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| All Mac Books have same Screen size. |
Question 15 (1 point)
If null hypothesis is tested that Screen variable has no effect on Price of Mac Book, t-statistic is -3.82 and associated probability of 0.001.
Question 15 options:
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| t-statistic can not be negative. |
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| We should reject null hypothesis that Screen has no effect on Price at probability of 0.05 level. |
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| We should accept null hypothesis that Screen has no effect on Price at probability of 0.05 level. |
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| You cannot have Mac Book without Screen. |
Question 16 (1 point)
Coefficient of Intel variable is -428.314. That means,
Question 16 options:
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| Intel is financially weak compared to Apple |
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| Intel based Mac Books are poor quality. |
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| You cannot have negative coefficient in regression analysis |
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| Negative coefficient indicate Mac Book with Intel based CPU are generally discounted by $428.314 |
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