State whether the following statements are True or False. (1×5=5) 1. The SSR ind

Question

State whether the following statements are True or False. (1×5=5)

1. The SSR indicates how much, of the total variability in the dependent variable is explained by the regression model. a) True b) False

2. The null hypothesis in the F-test is that there is a linear relationship between the X and Y variables. a) True b) False

3. Balking customers are those who enter the queue but then become impatient and leave without completing the transaction. a) True b) False

4. The goal of many waiting line problem is to help a firm find the ideal level of service that minimize the cost of waiting and the cost of providing the service. a) True b) False

5. In minimization, the LP problems the feasible region is always below the resource constraints. a) True b) False

Explanation / Answer

State whether the following statements are True or False. (1×5=5)

1. The SSR indicates how much, of the total variability in the dependent variable is explained by the regression model. a) True b) False

2. The null hypothesis in the F-test is that there is a linear relationship between the X and Y variables. a) True b) False

3. Balking customers are those who enter the queue but then become impatient and leave without completing the transaction. a) True b) False

4. The goal of many waiting line problem is to help a firm find the ideal level of service that minimize the cost of waiting and the cost of providing the service. a) True b) False

5. In minimization, the LP problems the feasible region is always below the resource constraints. a) True b) False

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