SCENARIO 14-3
-Referring to Scenario 14-3, to test whether gross domestic product has a positive impact on
Consumption, the p-value is
A) 0.00005
B) 0.0001
C) 0.9999
D) 0.99995

Question

SCENARIO 14-3 
-Referring to Scenario 14-3, to test whether gross domestic product has a positive impact on
Consumption, the p-value is
A) 0.00005 
B) 0.0001 
C) 0.9999 
D) 0.99995

Quizplus · Accepted Answer

A p-value of 0.00005 indicates a statistically significant positive impact of gross domestic product on consumption, as it is much lower than the common significance level of 0.05.

SCENARIO 14-3 -Referring to Scenario 14-3, to Test Whether Gross Domestic Product