You are trying to determine the statistical significance of an equation. Given t

Question

You are trying to determine the statistical significance of an equation. Given the following information, test the slope of the equation at the 90% level of confidence. Select the correct answer out of each pair of choices.

Cost = - 76.25 + 114.82 (Range)
n=10
Sb1 = 17.669

A) 1. The tp is 1.860

     2. The tp is 2.365

B) 1. The tc is 4.315

      2. The tc is 6.498

C) 1. We would reject the null hypothesis

     2. We would fail to reject the null hypothesis

D) 1. We would consider using the equation

      2. We would not use the equation

Explanation / Answer

A) 1

B) 2

C) 1

D) 1

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