Events A and B are said to be statistically independent if their union is the sample space.
Indicate whether the statement is true or false
Q. 2What is the population size?
What will be an ideal response?
Q. 3If the null hypothesis H0 : x - y 0 is rejected against the alternative H1 : x - y < 0 at the 2 level of significance, then using the same data, it must be rejected against that alternative at the 3 level.
Indicate whether the statement is true or false
Q. 4How should the loan officer interpret the coefficient on x3?
A) For every additional 8,000 spent on advertising, we would expect the total dollar value of residential loans to increase by 1,000,000 on average, assuming that all the other independent variables in the model are held constant.
B) For every additional dollar spent on advertising, we would expect the total dollar value of residential loans to increase by 0.08 million, assuming that all the other independent variables in the model are held constant.
C) For every additional 80,000 spent on advertising, we would expect the total dollar value of residential loans to increase by 1,000,000, assuming that all the other independent variables in the model are held constant.
D) For every additional 1000 spent on advertising, we would expect the total dollar value of residential loans to increase by 80,000 on average, assuming that all the other independent variables in the model are held constant.
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