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lprice Coef 95% CI, mpg weight rep78 0.0130 [-0.0345, 0.0086 8.0063 [0.0001, e,0004 0.1345 0.0519, 0.21721 7.6701 6.7372, 8.6QUESTION 5 Assuming a null hypothesis of Ho: Bmpg 0, the effect of MPG is Statistically significant at the 5% level because t

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Answer #1

5. The correct answer is: b)

Reason: if the confidence interval contain the value of the null hypothesis, then the null hypothesis is accepted and the results are statistically insignificant.

6. The correct answer is: c)

Reason: if the confidence interval does not contain the value of the null hypothesis, then the null hypothesis is rejected and the results are statistically significant.

7. The correct answer is: c).

Reason: same as in answer 6.

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