Utilize simple hypothesis testing procedures and standard statistical diagnostic tests to evaluate the appropriateness of linear regression models specification, goodness of fit, and to test for significances of estimated coefficients of the models

PART 1: Create a context: Introduce a real-world business situation or an imagined business scenario that may benefit from the "math" presented in the prior two weeks. While creating the context, ask yourself: What business use cases may benefit from the quantitative methods offered last week and this week? Pick one. You can use Google or other search tools, or your own workplace experience, to create the context.

Part 2: Show with examples how the "math" or quantitative methodology introduced in the prior two weeks relate to the business use case you introduced. (e.g., does the math/methodology help to resolve a business problem?) Be specific in your description of how you can use the quantitative information in connection with the business case (your context) you described. Give examples. Use technical terminology when necessary.