Which one of the following statements is true concerning the 95% confidence interval for the regression coefficient for the Bedrooms variable?
A)Because the confidence interval includes zero, we have evidence to conclude that there is a relationship between the number of bedrooms in a house and the selling price of the house.
B)Because the confidence interval does not include zero, we have evidence to conclude that there is a relationship between number of bedrooms in a house and the selling price of the house.
C)Because the confidence interval includes zero, we have evidence to conclude that there is no relationship between the number of bedrooms in a house and the selling price of the house.
D)Because the confidence interval does not include zero, we have evidence to conclude that there is no relationship between the number of bedrooms in a house and the selling price of the house.

Question

Quizplus · Accepted Answer

When the 95% confidence interval for a regression coefficient does not include zero, it suggests that there is a statistically significant relationship between the variable (in this case, the number of bedrooms) and the dependent variable (selling price of the house). This means we have evidence to conclude that there is indeed a relationship.

Which One of the Following Statements Is True Concerning the 95