Please privcdie an hypothesis testing for the given data. Advise whether to use

Question

Please privcdie an hypothesis testing for the given data. Advise whether to use a oine or two tailed test along with showing the equation. Also advise what alpha is for the equation

Data Set 1 f Multiple R 0.715146224 R Square 0.511434122 Adjusted R Square 0.50146339 Standard Error 10056.07999 Observations 51 ANOVA df SS MS F Significance F Regression 1 5187045843 5187045843 51.2935371 3.72434E-09 Residual 49 4955112489 101124744.7 Total 50 10142158332 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 32508.21337 8663.053482 3.752512142 0.000464102 15099.15562 49917.27113 15099.15562 49917.27113 Median Household Income 0.959364257 0.133952928 7.161950649 3.72434E-09 0.690175771 1.228552744 0.690175771 1.228552744 Data Set 2 Regression Statistics Multiple R 0.755471073 R Square 0.570736542 Adjusted R Square 0.552850565 Standard Error 9523.718148 Observations 51 ANOVA df SS MS F Significance F Regression 2 5788500379 2894250190 31.90972065 1.53241E-09 Residual 48 4353657953 90701207.36 Total 50 10142158332 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 33936.8764 8233.601399 4.121753623 0.000147974 17382.11124 50491.64155 17382.11124 50491.64155 Middle Class Lower Bound 11845.50053 4593.964895 2.578491739 0.013045848 2608.715037 21082.28602 2608.715037 21082.28602 Middle Class Upper Bound -3948.030918 1531.325872 -2.57817816 0.013056221 -7026.967941 -869.0938949 -7026.967941 -869.0938949

Explanation / Answer

Answers to the question here:

1.

Hypothesis:

Ho: MedianHousehildIncome doesn't have a significant impact on the indepdent variable
Ha: MedianHousehildIncome has a significant impact on the indepdent variable

It' a 2 tailed test

alpha can be taken out to be .05 ( please notice that alpha is to be assumed .05 unless specifoed by the question as any other value.)

2.

Hypothesis:

Ho: MiddleClassLowerBound and MiddleClassUpperBound doesn't have a significant impact on the independent variable
Ha: MiddleClassLowerBound and MiddleClassUpperBound has a significant impact on the dependent variable

It' a 2 tailed test

Alpha can be taken out to be .05 ( please notice that alpha is to be assumed .05 unless specifoed by the question as any other value.)

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