Solved

Louis Katz,a Cost Accountant at Papalote Plastics,Inc

Question 25

Multiple Choice

Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI) ,is analyzing the manufacturing costs of a moulded 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 moulded 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 <font face= symbol ></font> = 0.05,Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>: <font face= symbol ></font><sub>1</sub> = 0 D) reject H<sub>0</sub>: <font face= symbol ></font><sub>1</sub> = 0 E) do not reject H<sub>0</sub>: <font face= symbol ></font><sub>0</sub> = 0 Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI) ,is analyzing the manufacturing costs of a moulded 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 <font face= symbol ></font> = 0.05,Louis should ___. A) increase the sample size B) suspend judgment C) not reject H<sub>0</sub>: <font face= symbol ></font><sub>1</sub> = 0 D) reject H<sub>0</sub>: <font face= symbol ></font><sub>1</sub> = 0 E) do not reject H<sub>0</sub>: <font face= symbol ></font><sub>0</sub> = 0 Using = 0.05,Louis should ___.


A) increase the sample size
B) suspend judgment
C) not reject H0: 1 = 0
D) reject H0: 1 = 0
E) do not reject H0: 0 = 0

Correct Answer:

verifed

Verified

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

Related Questions

Q22: Calculate the Pearson product-moment correlation coefficient to

Q24: Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI),is

Q27: Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI),is

Q28: From the following scatter plot,we can say

Q29: In the regression equation,y = 75.65 +

Q39: If there is perfect negative correlation between

Q51: In the simple regression model,y = 21

Q51: The numerical value of the coefficient of

Q62: For the regression line,y = 21 −

Q66: One of the assumptions of simple regression