Solved

Jim Royo, Manager of Billings Building Supply (BBS), Wants to Develop

Question 13

Multiple Choice

Jim Royo, Manager of Billings Building Supply (BBS) , wants to develop a model to forecast BBS's monthly sales (in $1,000's) .He selects the dollar value of residential building permits (in $10,000) as the predictor variable.An analysis of the data yielded the following tables. $Jim Royo, Manager of Billings Building Supply (BBS) , wants to develop a model to forecast BBS's monthly sales (in $1,000's) .He selects the dollar value of residential building permits (in $10,000) as the predictor variable.An analysis of the data yielded the following tables. Jim's calculated value for the Durbin-Watson statistic is 1.93.Using \alpha = 0.05, the appropriate decision is: _________. A) do not reject H0: \rho = 0 B) reject H0: \rho ≠ 0 C) do not reject: \rho\neq 0 D) the test is inconclusive E) reject H0: \rho = 0$ $Jim Royo, Manager of Billings Building Supply (BBS) , wants to develop a model to forecast BBS's monthly sales (in $1,000's) .He selects the dollar value of residential building permits (in $10,000) as the predictor variable.An analysis of the data yielded the following tables. Jim's calculated value for the Durbin-Watson statistic is 1.93.Using \alpha = 0.05, the appropriate decision is: _________. A) do not reject H0: \rho = 0 B) reject H0: \rho ≠ 0 C) do not reject: \rho\neq 0 D) the test is inconclusive E) reject H0: \rho = 0$ Jim's calculated value for the Durbin-Watson statistic is 1.93.Using $\alpha$ = 0.05, the appropriate decision is: _________.

A) do not reject H₀: $\rho$ = 0
B) reject H₀: $\rho$ ≠ 0
C) do not reject: $\rho$ $\neq$ 0
D) the test is inconclusive
E) reject H₀: $\rho$ = 0

Jim Royo, Manager of Billings Building Supply (BBS), Wants to Develop

Multiple Choice

Correct Answer:VerifiedUnlock this answer nowGet Access to more Verified Answers free of chargeAccess For Free

Correct Answer:
Verified
Unlock this answer now
Get Access to more Verified Answers free of charge