TABLE 14-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
-Referring to Table 14-5, what is the p-value for testing whether Wages have a positive impact on corporate sales?
A) 0.01
B) 0.05
C) 0.0001
D) 0.00005

Question

TABLE 14-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression. 
-Referring to Table 14-5, what is the p-value for testing whether Wages have a positive impact on corporate sales?
A) 0.01 
B) 0.05 
C) 0.0001 
D) 0.00005

Quizplus · Accepted Answer

The p-value of 0.00005 indicates a very strong statistical significance, suggesting that wages have a positive impact on corporate sales.

TABLE 14-5 A Microeconomist Wants to Determine How Corporate Sales Are Influenced