The chief of the emergency response services claims that their team responds to emergency distress calls within a 5 km radius in 360 seconds. An independent investigator wishes to test whether or not the presence of a thousand extra cars within the 5 km radius affects the emergency response time by 15.45 seconds. He randomly selects 100 distress calls and estimates the following regression: Ŷ₁ = 345 + 0.26X;, where ŷ, denotes the predicted response time measured in seconds for the ith emergency call and X; denotes the number of cars (in thousands) on the road within a 5 km radius at the time of the th emergency call. If ẞ₁ is the slope coefficient, which of the following options states the investigator's null and alternative hypotheses? ○ A. Hò: ß₁ >0.26 and H₁: ß₁ ≤0.26. B. Ho: B₁ =15.45 and H₁: B₁ #15.45. OC. Ho: B₁ =0.26 and H₁: B₁ #0.26. OD. Ho: B₁>15.45 and H₁: B₁ ≤15.45. Suppose act associated with the test the investigator wishes to conduct is 2.01. The p-value will be (Round your answer to three decimal places.) If the pre-specified significance level of the test was 5%, the calculated p-value suggests that we the null hypothesis.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question

please answer correctly asap 

The chief of the emergency response services claims that their team responds to emergency distress calls within a 5 km radius in 360 seconds. An independent investigator wishes to test whether or
not the presence of a thousand extra cars within the 5 km radius affects the emergency response time by 15.45 seconds. He randomly selects 100 distress calls and estimates the following
regression:
Ŷ₁ = 345 + 0.26X;,
where ŷ, denotes the predicted response time measured in seconds for the ith emergency call and X; denotes the number of cars (in thousands) on the road within a 5 km radius at the time of the
th emergency call.
If ẞ₁ is the slope coefficient, which of the following options states the investigator's null and alternative hypotheses?
○ A. Hò: ß₁ >0.26 and H₁: ß₁ ≤0.26.
B. Ho: B₁ =15.45 and H₁: B₁ #15.45.
OC. Ho: B₁ =0.26 and H₁: B₁ #0.26.
OD. Ho: B₁>15.45 and H₁: B₁ ≤15.45.
Suppose act associated with the test the investigator wishes to conduct is 2.01.
The p-value will be
(Round your answer to three decimal places.)
If the pre-specified significance level of the test was 5%, the calculated p-value suggests that we
the null hypothesis.
Transcribed Image Text:The chief of the emergency response services claims that their team responds to emergency distress calls within a 5 km radius in 360 seconds. An independent investigator wishes to test whether or not the presence of a thousand extra cars within the 5 km radius affects the emergency response time by 15.45 seconds. He randomly selects 100 distress calls and estimates the following regression: Ŷ₁ = 345 + 0.26X;, where ŷ, denotes the predicted response time measured in seconds for the ith emergency call and X; denotes the number of cars (in thousands) on the road within a 5 km radius at the time of the th emergency call. If ẞ₁ is the slope coefficient, which of the following options states the investigator's null and alternative hypotheses? ○ A. Hò: ß₁ >0.26 and H₁: ß₁ ≤0.26. B. Ho: B₁ =15.45 and H₁: B₁ #15.45. OC. Ho: B₁ =0.26 and H₁: B₁ #0.26. OD. Ho: B₁>15.45 and H₁: B₁ ≤15.45. Suppose act associated with the test the investigator wishes to conduct is 2.01. The p-value will be (Round your answer to three decimal places.) If the pre-specified significance level of the test was 5%, the calculated p-value suggests that we the null hypothesis.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education