In a cross section regression of 48 states,the following linear demand for per-capita cans of soda was found: Cans = 159.17 - 102.56 Price + 1.00 Income + 3.94Temp
R-Sq = 54.1% R-Sq(adj)= 51.0%
From the linear regression results in the cans case above,we know that:
A)Price is insignificant
B)Income is significant
C)Temp is significant
D)As price rises for soda,people tend to drink less of it
E)All of the coefficients are significant

Question

In a cross section regression of 48 states,the following linear demand for per-capita cans of soda was found: Cans = 159.17 - 102.56 Price + 1.00 Income + 3.94Temp 
  R-Sq = 54.1% R-Sq(adj)= 51.0%
From the linear regression results in the cans case above,we know that:
A)Price is insignificant 
B)Income is significant 
C)Temp is significant 
D)As price rises for soda,people tend to drink less of it 
E)All of the coefficients are significant

Quizplus · Accepted Answer

The Answer of In a cross section regression of 48 states,the following linear demand for per-capita cans of soda was found: Cans = 159.17 - 102.56 Price + 1.00 Income + 3.94Temp 
  R-Sq = 54.1% R-Sq(adj)= 51.0%
From the linear regression results in the cans case above,we know that:
A)Price is insignificant 
B)Income is significant 
C)Temp is significant 
D)As price rises for soda,people tend to drink less of it 
E)All of the coefficients are significant

In a Cross Section Regression of 48 States,the Following Linear