A CBD ol-based pain reliet candy bar manutacturer is interested in estimating how sales (in number of cases) are influenced by the price of their product. To do this, the company randomly chooses 12 small cities and offers the candy bar at different prices. In a simple inear regression study relating Sales to Price, what are NOT the fundamental hypotheses to test? Hint We do NOT worry much about the intercept in a regression study) City Price($) Sales (cases) Ames 0.89 120 Woodland 0.99 110 Redding 1.09 120 River Falls 1.19 100 Rolla 1.39 80 Hudson 1.49 85 Ellsworth 1.69 72 Prescott 1.89 52 College Park Bowling Green 1.99 65 2.09 36 Rock Elm 2.29 38 Stillwater 2.39 25 O HO th vope is the slope i not ere OHO all slopen are zem . HI not all slepes ae zero O HO Ow HIA0

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
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Which of the following is an appropriate conclusion for this case?
(Hint: if you can reject HO in a two-sample hypothesis test, then it is very straightforward to find out which sample has a higher/lower mean.)
O There is statistical evidence to show that female and male graduates have significantly different average starting salaries. Further, we can conclude that female
graduates have a significantly higher average starting salary.
O There is statistical evidence to show that female and male graduates have significantly different average starting salaries. Further, we can conclude that male graduates
have a significantly higher average starting salary.
O There is no statistical evidence to show that female and male graduates have different average starting salaries.
O There is statistical evidence to show that female and male graduates have the same average starting salary.
Transcribed Image Text:Which of the following is an appropriate conclusion for this case? (Hint: if you can reject HO in a two-sample hypothesis test, then it is very straightforward to find out which sample has a higher/lower mean.) O There is statistical evidence to show that female and male graduates have significantly different average starting salaries. Further, we can conclude that female graduates have a significantly higher average starting salary. O There is statistical evidence to show that female and male graduates have significantly different average starting salaries. Further, we can conclude that male graduates have a significantly higher average starting salary. O There is no statistical evidence to show that female and male graduates have different average starting salaries. O There is statistical evidence to show that female and male graduates have the same average starting salary.
The next few questions in this quiz are based on the following case.
A CBD oil-based pain reliet candy bar manufacturer is interested in estimating how sales (in number of cases) are influenced by the price of their product. To do this, the
company randomly chooses 12 small cities and offers the candy bar at different prices. In a simple Iinear regression study relating Sales to Price, what are NOT the
tundamental hypotheses to test? (Hint We do NOT worry much about the intercept in a regression study)
City
Price(S)
Sales (cases)
Ames
0.89
120
Woodland
0.99
110
Redding
1.09
120
River Falls
1.19
100
Rolla
1.39
80
Hudson
1.49
85
Ellsworth
1.69
72
Prescott
1.89
52
College Park
1.99
65
Bowling Green
2.09
36
Rock Elm
2.29
38
Stillwater
2.39
25
O HO the slope is zera v H1 the slope is not ere
OHO al slopen am zerms. HI net all siepes are era
Transcribed Image Text:The next few questions in this quiz are based on the following case. A CBD oil-based pain reliet candy bar manufacturer is interested in estimating how sales (in number of cases) are influenced by the price of their product. To do this, the company randomly chooses 12 small cities and offers the candy bar at different prices. In a simple Iinear regression study relating Sales to Price, what are NOT the tundamental hypotheses to test? (Hint We do NOT worry much about the intercept in a regression study) City Price(S) Sales (cases) Ames 0.89 120 Woodland 0.99 110 Redding 1.09 120 River Falls 1.19 100 Rolla 1.39 80 Hudson 1.49 85 Ellsworth 1.69 72 Prescott 1.89 52 College Park 1.99 65 Bowling Green 2.09 36 Rock Elm 2.29 38 Stillwater 2.39 25 O HO the slope is zera v H1 the slope is not ere OHO al slopen am zerms. HI net all siepes are era
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