Test the hypothesis that 1 = 6 in Exercise 7.9 on page 305 against the alternative
Question:
Test the hypothesis that β1 = 6 in Exercise 7.9 on page 305 against the alternative that β1 < 6. Use a 0.025 level of significance.
Data From Exercise 7.9
Advertising Costs ($) Sales ($)
40.................................. 385
20.................................. 400
25.................................. 395
20.................................. 365
30.................................. 475
50.................................. 440
40.................................. 490
20.................................. 420
50.................................. 560
40.................................. 525
25.................................. 480
50.................................. 510
Step by Step Answer:
Essentials Of Probability And Statistics For Engineers And Scientists
ISBN: 9780321783738
1st Edition
Authors: Ronald E. Walpole, Raymond Myers, Sharon L. Myers, Keying E. Ye