12.14 House prices in bad part of town Refer to the previous exercise. Of the 100 homes,...
Question:
12.14 House prices in bad part of town Refer to the previous exercise. Of the 100 homes, 25 were in a part of town considered less desirable. For a regression analysis using y = selling price and x = size of house for these 25 homes,
a. You plan to test H0: b = 0 against Ha: b 7 0. Explain what H0 means and why a data analyst might choose a one-sided Ha for this test.
b. For this one-sided alternative hypothesis, how large would the t test statistic need to be to get a P-value equal to (i) 0.05 and (ii) 0.01?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9781292164878
4th Global Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Question Posted: