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SCENARIO 14-6 One of the Most Common Questions of Prospective

Question 275

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SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model. -Referring to Scenario 14-6, what is your decision and conclusion for the test level of significance? A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. and the amount of insulation in inches SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model. -Referring to Scenario 14-6, what is your decision and conclusion for the test level of significance? A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. Given below is EXCEL output of the regression model. SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model. -Referring to Scenario 14-6, what is your decision and conclusion for the test level of significance? A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model. -Referring to Scenario 14-6, what is your decision and conclusion for the test level of significance? A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs.
-Referring to Scenario 14-6, what is your decision and conclusion for the test SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model. -Referring to Scenario 14-6, what is your decision and conclusion for the test level of significance? A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs. D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs. level of significance?


A) Do not reject H₀ and conclude that the amount of insulation has a linear effect on heating costs.
B) Reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs.
C) Reject H₀ and conclude that the amount of insulation has a linear effect on heating costs.
D) Do not reject H₀ and conclude that the amount of insulation does not have a linear effect on heating costs.

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