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Louis Katz, a Cost Accountant at Papalote Plastics, Inc

Question 30

Multiple Choice

Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI) , is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI. Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) . Regression analysis of the data yielded the following tables: Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI) , is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI. Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) . Regression analysis of the data yielded the following tables: Using α = 0.05, Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>: β<sub>1</sub> = 0 D) reject H<sub>0</sub>: β<sub>1</sub> = 0 E) do not reject H<sub>0</sub>: β<sub>1</sub> = 0 Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI) , is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI. Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) . Regression analysis of the data yielded the following tables: Using α = 0.05, Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>: β<sub>1</sub> = 0 D) reject H<sub>0</sub>: β<sub>1</sub> = 0 E) do not reject H<sub>0</sub>: β<sub>1</sub> = 0 Using α = 0.05, Louis should ___.


A) increase the sample size
B) suspend judgment
C) not reject H0: β1 = 0
D) reject H0: β1 = 0
E) do not reject H0: β1 = 0

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