You are trying to determine the statistical significance of

You are trying to determine the statistical significance of an equation. Given the following information, test the slope of the equation at the 95% level of confidence. Select the correct answer out of each pair of choices. Cost = 521.44 – 53.50 (Resolution) n=12 Sb1 = 17.669 The tp is 2.228 The tp is 1.860 The tc is (-) 3.028 The tc is (-) 9.372 We would reject the null hypothesis We would fail to reject the null hypothesis We would consider using the equation We would not use the equation

Solution

We would fail to reject null hypothesis

We would consider using equation.