![subject](/tpl/images/cats/mat.png)
Mathematics, 06.05.2020 21:59 20stirltrer
A large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (Y)—measured in dollars per month—for services rendered to local companies. One independent variable used to predict the service charge to a company is the company's sales revenue (X)—measured in millions of dollars. Data for 21 companies who use the bank's services were used to fit the model:
E(Y) = ß0 + ß1X
The results of the simple linear regression are provided below.
= -2,700 + 20X, SYX = 65, two-tailed p value = 0.034 (for testing ß1)
Referring to Table 13-1, interpret the p value for testing whetherß1 exceeds 0.
A) For every $1 million increase in sales revenue, we expect a service charge to increase $0.034.
B) Sales revenue (X) is a poor predictor of service charge (Y).
C) There is sufficient evidence (at the a = 0.05) to conclude that sales revenue (X) is a useful linear predictor of service charge (Y).
D) There is insufficient evidence (at the a = 0.10) to conclude that sales revenue (X) is a useful linear predictor of service charge (Y).
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 15:00, nyraimccall408
Mustafa contributes 11% of his $67,200 annual salary to his 401k plan. what is his pretax income
Answers: 1
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 23:30, JellalFernandes
Atruck can be rented from company a $50 a day plus $0.60 per mile. company b charges $20 a day plus $0.80 per mile to rent the same truck. find the number of miles in a day at which the rental costs for company a and company b are the same
Answers: 1
You know the right answer?
A large national bank charges local companies for using their services. A bank official reported the...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/health.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 26.08.2019 00:00
![Konu](/tpl/images/cats/ekonomika.png)
Business, 26.08.2019 00:00
![Konu](/tpl/images/cats/istoriya.png)
History, 26.08.2019 00:00
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/en.png)
English, 26.08.2019 00:00
![Konu](/tpl/images/cats/istoriya.png)
History, 26.08.2019 00:00