Question: If null hypothesis is tested that Weight variable has no effect on Price of Mac Book, t-statistic is 5.52 and associated probability of 0.002. Question
If null hypothesis is tested that Weight variable has no effect on Price of Mac Book, t-statistic is 5.52 and associated probability of 0.002.
Question 9 options:
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| It difficult to decide. There is not enough details given. |
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| Weight and Price are not related in this situation. |
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| We should reject null hypothesis that Weight has no effect on Price at probability of 0.05 level. |
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| We should accept null hypothesis that Weight has no effect on Price at probability of 0.05 level. |
Question 10 (1 point)
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Coefficient of Cores variable is 10.397. That means,
Question 10 options:
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| It is not possible to conclude anything. |
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| Each Mac Book has capacity of about 10 Cores. |
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| Mac Books have lot of Cores built-in. |
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| You are expected to pay $41.588 for Mac Book with four Cores and $83.176 for Mac Book with eight Cores. |
Question 11 (1 point)
If null hypothesis is tested that Cores variable has no effect on Price of Mac Book, t-statistic is 0.22 and associated probability of 0.824.
Question 11 options:
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| We should reject null hypothesis that Cores has no effect on Price at probability of 0.05 level. |
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| We should accept null hypothesis that Cores 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. |
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| Cores is required element of any Mac Book. |
Question 12 (1 point)
Coefficient of RAM variable is 54.005. That means,
Question 12 options:
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| Mac Book should have 54 Giga-bytes of RAM |
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| It is not possible to conclude anything. |
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| RAM is short-supply because of supply-chain challenges. |
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| Mac Book with 8 Giga-bytes of RAM, you are expected to spend $432.04. |
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