If you pay more in tuition to go to a top businessschool, will it necessarily result in a higher probability of a job offer at graduation? Lety=percentage of graduates with job offers and x=tuition cost; then fit the simple linear model, E(y)=β0+β1x,to the data below. Is there sufficient evidence (at α=0.10) of a positive linear relationship between y and x?
School |
Annual tuition ($) |
% with Job Offer |
---|---|---|
1 |
39,832 |
89 |
2 |
39,466 |
94 |
3 |
38,857 |
95 |
4 |
38,579 |
96 |
5 |
38,494 |
95 |
6 |
37,702 |
93 |
7 |
37,657 |
89 |
8 |
37,615 |
98 |
9 |
36,554 |
87 |
10 |
36,191 |
84 |
Give the null and alternative hypotheses for testing whether there exists a positive linear relationship between y and x?
A.H0: β0=0
Ha:β0>0
B. H0: β1s=0
Ha: β1>0
C.H0: β0=0
Ha: β0<0
D.H0:β1=0
Ha:β1l<0
E.H0: β=0
Ha: β1≠0
F.H0: β0=0
Ha: β0≠0
Find the test statistic.
t=________(Round to two decimal places as needed.)
Find the p-value.
p-value=_______(Round to four decimal places as needed.)
Make the appropriate conclusion at α=0.10.
Choose the correct answer below.
A.Do not reject H0.There is insufficient evidence that there exists a positive linear relationship between y and x.
B.Reject H0.There is insufficient evidence that there exists a positive linear relationship between y and x.
C.Do not reject H0.There is sufficient evidence that there exists a positive linear relationship between y and x.
D.Reject H0. There is sufficient evidence that there exists a positive linear relationship between y and x.
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