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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)
Answer:
We accept the null hypothesis.
Step-by-step explanation:
We are given the following in the question:
Sample mean, = 28.8 miles per gallon
Sample size, n = 120
Alpha, α = 0.01
Sample standard deviation, σ = 6.89 miles per gallon
First, we design the null and the alternate hypothesis
We use Two-tailed t test to perform this hypothesis.
Formula:
Putting all the values, we have
Now, Since,
We fail to reject the null hypothesis and accept it.
We accept the null hypothesis and the population mean MPG of Toyota Highlander Hybrid vehicles is equal to 28 miles per gallon.