TABLE 14-3
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.
$\quad $
-Referring to Table 14-3, to test for the significance of the coefficient on gross domestic product, the p-value is
A) 0.9999.
B) 0.0001.
C) 0.8330.
D) 0.8837.

Question

TABLE 14-3 
 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.
  $\quad $
-Referring to Table 14-3, to test for the significance of the coefficient on gross domestic product, the p-value is
A) 0.9999.
B) 0.0001.
C) 0.8330.
D) 0.8837.

Quizplus · Accepted Answer

The p-value of 0.0001 indicates that the coefficient on gross domestic product is statistically significant.

TABLE 14-3 an Economist Is Interested to See \quad

TABLE 14-3
an Economist Is Interested to See $\quad$