Based on the following regression output, what conclusion can you reach about β₀? A) β₀ = 0, with P-value = 0.016353 B) β₀ ≠ 0, with P-value = 0.016353 C) β₀ = 0, with P-value = 0.000186 D) β₀ ≠ 0, with P-value = 0.000186

Question

Quizplus · Accepted Answer

The regression output shows that the coefficient of β₀ is -0.157 with a P-value of 0.016353. Since the P-value is less than the significance level of 0.05, we can reject the null hypothesis that β₀ is equal to 0. Therefore, we can conclude that β₀ is not equal to 0, and the best choice is B.

Based on the Following Regression Output, What Conclusion Can You