Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. Which of the following statements is correct?
A)The 99 percent critical value exceeds the t- statistic for the estimated slope coefficient.
B)The manager can be 99 percent confident that the price of coffees affects the quantity demanded.
C)The manager can be 99 percent confident that the true slope coefficient for price is equal to zero.
D)The 95 percent critical value exceeds the t- statistic for the estimated slope coefficient.

Question

Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. Which of the following statements is correct?
A)The 99 percent critical value exceeds the t- statistic for the estimated slope coefficient. 
B)The manager can be 99 percent confident that the price of coffees affects the quantity demanded. 
C)The manager can be 99 percent confident that the true slope coefficient for price is equal to zero. 
D)The 95 percent critical value exceeds the t- statistic for the estimated slope coefficient.

Quizplus · Accepted Answer

The Answer of  Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. Which of the following statements is correct?
A)The 99 percent critical value exceeds the t- statistic for the estimated slope coefficient. 
B)The manager can be 99 percent confident that the price of coffees affects the quantity demanded. 
C)The manager can be 99 percent confident that the true slope coefficient for price is equal to zero. 
D)The 95 percent critical value exceeds the t- statistic for the estimated slope coefficient.

Using Excel, the Manager of Quick Breaks Coffees Has Estimated