The accompanying table shows the regression results when estimating y = β₀ + β₁x + ε. Is x significantly related to y at the 5% significance level? A) Yes, because the p-value of 0.0745 is greater than 0.05. B) No, because the p-value of 0.0745 is greater than 0.05. C) Yes, because the slope coefficient of 1.417 is less than the test statistic of 2.25. D) No, because the slope coefficient of 1.417 is less than the test statistic of 2.25.

Question

Quizplus · Accepted Answer

A p-value greater than the level of significance (0.05 in this case) indicates that we fail to reject the null hypothesis, meaning that there is not enough evidence to support the claim that x is significantly related to y. Therefore, choice B is the correct answer.

The Accompanying Table Shows the Regression Results When Estimating Y