What is the hypothesis test of cost parameters?
A)It is not tested by the t-statistic.
B)It indicates whether the parameters are different from zero.
C)It tells the t-value of the significance achieved.
D)It ensures that the cost function is useable.

Question

Quizplus · Accepted Answer

The hypothesis test of cost parameters aims to determine whether the parameters are significantly different from zero, which means whether they have a significant impact on the cost function. This is typically done with a t-test or a similar statistical test, and the results are interpreted in terms of significance levels and p-values.

What Is the Hypothesis Test of Cost Parameters