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Question: perform the test of hypothesis on the following and state...

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Perform the test of hypothesis on the following and state your statistical decision. Use α=.05

ollowing MS Excel partial output for the independent variable monthly Promo Expenditure X (in 100s of dollars) and the monthly Demand Y for a product (in 1000s of dollars) Regression Analysis: Demand (in thousands of $) versus Promo Exp (in hundreds of $) SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error of the Estimate Observations 8.00 ANOVA df MS F 7181.54 Regression Residual/ Error Total 7399.50 SE Coef coefficients standard Error 96.27 5.84 Intercept Promo Exp(x) Estimated slope 13.02 0.93
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