MULTIPLE CHOICE: 5. Suppose the p-value for an a = .01 hypothesis test is calcul

Question

MULTIPLE CHOICE:

5. Suppose the p-value for an   a = .01 hypothesis test is calculated to be .04. Interpret this result.

a. there is sufficient evidence to reject Ho

b. the probability of rejecting Ho is .04

c. the probability that Ho is correct is .96

d. there is insufficient evidence to reject Ho

1B. In simple linear regression, the method of least squares determines the line that minimizes the sum of squared deviations between the observed y values and:

a. the average of the y values

b. the average of the x values

c. the fitted line

d. the line of residual errors

Explanation / Answer

5) as p value is greater then 0.01 level

d. there is insufficient evidence to reject Ho

1B)c. the fitted line is correct option.

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