Below you are asked to decide on whether or not to use a one-sided alternative or a two-sided alternative hypothesis for the slope coefficient.Briefly justify your decision.
(a) = 0 + 1pi,where qd is the quantity demanded for a good,and p is its price.
(b) = 0 + 1 ,where is the actual house price,and is the assessed house price.You want to test whether or not the assessment is correct,on average.
(c) i = 0 + 1 ,where C is household consumption,and Yd is personal disposable income.

Question

Below you are asked to decide on whether or not to use a one-sided alternative or a two-sided alternative hypothesis for the slope coefficient.Briefly justify your decision.
(a)  =  0 +  1pi,where qd is the quantity demanded for a good,and p is its price.
(b)  =  0 +  1  ,where  is the actual house price,and  is the assessed house price.You want to test whether or not the assessment is correct,on average.
(c)  i =  0 +  1  ,where C is household consumption,and Yd is personal disposable income.

Quizplus · Accepted Answer

The Answer of Below you are asked to decide on whether or not to use a one-sided alternative or a two-sided alternative hypothesis for the slope coefficient.Briefly justify your decision.
(a)  =  0 +  1pi,where qd is the quantity demanded for a good,and p is its price.
(b)  =  0 +  1  ,where  is the actual house price,and  is the assessed house price.You want to test whether or not the assessment is correct,on average.
(c)  i =  0 +  1  ,where C is household consumption,and Yd is personal disposable income.

Below You Are Asked to Decide on Whether or Not