A contractor developed a multiplicative time-series model to forecast the number of contracts in future quarters, using quarterl
1 answer:
There is a missing content in the question.
After the statements and before the the options given; there is an omitted content which says:
Referring to Table 16-5, in testing the coefficient of X in the regression equation (0.117) the results were a t-statistic of 9.08 and an associated p-value of 0.0000. Which of the following is the best interpretation of this result?
Answer:
C. The quarterly growth rate in the number of contracts is significantly different from 0% (? = 0.05).
Step-by-step explanation:
From the given question:
The resulting regression equation can be represented as:
where;
the estimated number of contracts in a quarter X is the coded quarterly value with X = 0
the first quarter of 2010 Q1 is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise
Q2 is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise
Q3 is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise
Our null and alternative hypothesis can be stated as;
Null hypothesis :
The quarterly growth rate in the number of contracts is not significantly different from 0% (? = 0.05)
The quarterly growth rate in the number of contracts is significantly different from 0% (? = 0.05)
The decision rule is to reject the null hypothesis if the p-value is less than 0.05.
From the missing omitted part we added above; we can see that the t-statistics value = 9.08 and the p-value = 0.000 .
Conclusion:
Thus; we reject the null hypothesis and accept the alternative hypothesis. i.e
The quarterly growth rate in the number of contracts is significantly different from 0% (? = 0.05)
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Answer:
20.78feet
Step-by-step explanation:
The question made us to understand that the man is standing and also there is angle of elevation, then we need to draw a right triangle having a base equal to 36 feet with an angle from the base to the top of the pole which is 30 degrees.
tan= opposite side / adjacent side
Let height of the pole =h
Tan(30)= h/36
But tan 30degree= 1/√3
h= 36 × 1/√3
h= 20.78feet
Therefore, the height of the pole= 20.78feet
CHECK THE ATTACHMENT FOR DETAILED FIGURE
Answer:
(C) The slope of the regression equation is not significantly different from zero
Step-by-step explanation:
Let's suppose that we have the following linear model:
Where Y is the dependent variable and X the independent variable. represent the intercept and
the slope.
In order to estimate the coefficients we can use least squares estimation.
If we are interested in analyze if we have a significant relationship between the dependent and the independent variable we can use the following system of hypothesis:
Null Hypothesis:
Alternative hypothesis:
Or in other wouds we want to check is our slope is significant.
In order to conduct this test we are assuming the following conditions:
a) We have linear relationship between Y and X
b) We have the same probability distribution for the variable Y with the same deviation for each value of the independent variable
c) We assume that the Y values are independent and the distribution of Y is normal
The significance level is provided and on this case is
The standard error for the slope is given by this formula:
Th degrees of freedom for a linear regression is given by since we need to estimate the value for the slope and the intercept.
In order to test the hypothesis the statistic is given by:
The confidence interval for the slope would be given by this formula:
And using the last formula we got that the confidence interval for the slope coefficient is given by:
IF we analyze the confidence interval contains the value 0. So we can conclude that we don't have a significant effect of the slope on this case at 5% of significance. And the best option would be:
(C) The slope of the regression equation is not significantly different from zero