SCENARIO 13-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index).The Microsoft Excel output of this regression is partially reproduced below.
-Referring to SCENARIO 13-3, to test for the significance of the coefficient on gross domestic product, the p-value is
A)0.0001
B)0.8330
C)0.8837
D)0.9999

Question

SCENARIO 13-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index).The Microsoft Excel output of this regression is partially reproduced below. 
-Referring to SCENARIO 13-3, to test for the significance of the coefficient on gross domestic product, the p-value is
A)0.0001 
B)0.8330 
C)0.8837 
D)0.9999

Quizplus · Accepted Answer

The p-value of 0.0001 indicates that the coefficient on gross domestic product is statistically significant, suggesting a strong relationship between the variable and the dependent variable in the model.

SCENARIO 13-3 an Economist Is Interested to See How Consumption for an for an Economy