Multiple Choice
TABLE 13-2
A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
-The sample correlation coefficient between X and Y is 0.375. It has been found out that the p- value is 0.744 when testing H0 : ? = 0 against the one- sided alternative H0 : ? < 0. To test H0 : ? = 0 against the two- sided alternative H0 : ?? 0 at a significance level of 0.2, the p- value is
A) (1 - 0.744) (2) .
B) (0.744) (2) .
C) 0.744/2.
D) 1 - 0.744.
Correct Answer:

Verified
Correct Answer:
Verified
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