Respuesta :
Answer:
The quarterly growth rate in revenues is significantly different from 1.2%.
b. 2,666,858
Step-by-step explanation:
Given that:
The regression equation can be represented as :
[tex]log_{10} \hat Y= 6.102+0.012 X - 0.129 Q_1 - 0.054 Q_2 + 0.098 Q_3[/tex]
In testing the significance of the coefficient of X in the regression equation (0.012) which has a p-value of 0.02.
The null and alternative hypothesis can be stated as;
[tex]H_0:[/tex] The quarterly growth rate in revenues is not significantly different from 1.2%.
[tex]H_a:[/tex] The quarterly growth rate in revenues is significantly different from 1.2%.
The decision rule is to reject the null hypothesis if the p-value is less than 0.05.
From above ; the p-value = 0.02 which is less than 0.05.
Conclusion:
Thus; we reject the null hypothesis and accept the alternative hypothesis. i.e
The quarterly growth rate in revenues is significantly different from 1.2%.
b.
Since [tex]Q_1=Q_2=Q_3 = 0[/tex] ; X = 27
Thus ;
[tex]log_{10} \hat Y= 6.102+0.012 X - 0.129 Q_1 - 0.054 Q_2 + 0.098 Q_3[/tex]
[tex]log_{10} \hat Y= 6.102+0.012 (27)[/tex]
[tex]\hat Y=10^{ 6.102+0.012 (27) }[/tex]
[tex]\hat Y =[/tex] 2666858.665
[tex]\hat Y =[/tex] 2,666,858