Question: Suppose that for a simple linear regression model, we want to test whether the slope is different from 1 (alternate hypothesis). When doing the analysis,

Suppose that for a simple linear regression model, we want to test whether the slope is different from 1 (alternate hypothesis). When doing the analysis, a p-value of 0.022 is obtained. Which of the following statements is true?

Select one:

A 95% confidence interval for the slope will not include the value 1.

A 99% confidence interval for the slope will not include the value 1.

You cannot use a confidence interval to make the decision.

A 95% confidence interval for the slope will include the value 1.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!

.... Kindly be simple with explanations 11-96. Show that. for the simple linear regression model, the (c) Test the hypothesis /,:B,, =0 versus Wip. * 0 using following statements are true: o = 0.05....

Unless otherwise specified, round all your answers to three decimal places. you will use the utilities in JMP, called Fit Model and Graph Builder. 1. The act of reflection is a critical tool for...

Question 1 Consider the following three data sets, in which the variables of interest are r: commuting distance and v = commuting time. Based on a scatter plot and the values ofs and :3, in which...

Suppose you estimate a simple linear regression model for pro fits from hot dog sales at football stadiums based on the total number of fans supporting the local team. Here are the results, based on...

Q5 Exercise 16 of Section 12.2 gave data on x = rainfall volume and y = runoff volume (both in m3). Use the accompanying Minitab output to decide whether there is a useful linear relationship between...

You are at a table at a casino with a gambling game. In the game you spin two spinners. Spinner #1 has 4 equal spaces numbered 1,2,3,4. Spinner #2, has only two equal spaces with the numbers 1 and 3....

Create charts to better understand data sets. For cross-sectional data, use a scatter chart. For time series data, use a line chart. Linear y = a + bx Logarithmic y = ln(x) Polynomial (2nd order) y =...

1 Understanding Regression Part 2 - Multiple Regression By Dr. Ardith Baker Oral Roberts University In the Part 1 paper, we explored simple linear regression with respect to understanding the basic...

ECO 578 Fall 2015 Page 1 of 14 Name: _______________________ ID: _______________________ Online Final Exam There are 4 parts: Part A: True/ False (1-20) Part B: Select the correct answer for the...

Johnson Filtration, Inc. provides maintenance service for water filtration systems throughout Southern Florida. Customers contact Johnson with requests for maintenance service on their water...

On the 28th, fires broke out in the west of Los Angeles: "The Getty Fire" where the Getty Fire was adjacent to the well-known Museum Getty Center and many of Los Angeles. Increased (UCLA), fire and...

Leaded gasoline contains an additive to prevent engine "knocking." On analysis, the additive compound is found to contain carbon, hydrogen, and lead (Pb) (hence, "leaded gasoline"). When 51.36 g of...

Internal rate of return analysis suggest that a project should be undertaken if N P V > 0 . ME > 0 . tRE > Cricount rabe. Gurountratestinution rate.

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

6. Describe why communication is vital to everyone

2. Think of someone (a family member, a celebrity, a politician, a friend, a professor) who exhibits competent communication in a particular context. What behaviors does this person exhibit that make...

3. Keep a log of all the different channels (face to face, written, computer mediated, telephonic, others) you use to communicate during the course of one morning or afternoon. Do you regularly...