Determine the t-statistic of the estimated slope coefficient for disposable income (point G) and whether that estimated slope coefficient is statistically significant at the 5 percent level.
A) 3.31 and statistically significant since the t-statistic is greater than 2 in absolute value.
B) 0.03 and statistically insignificant since the t-statistic is less than 2 in absolute value.
C) 3.31 and statistically insignificant since the P-value is less than 5 percent.
D) 28.62 and statistically significant since the P-value is less than 5 percent.

Question

Determine the t-statistic of the estimated slope coefficient for disposable income (point G) and whether that estimated slope coefficient is statistically significant at the 5 percent level.
A) 3.31 and statistically significant since the t-statistic is greater than 2 in absolute value. 
B) 0.03 and statistically insignificant since the t-statistic is less than 2 in absolute value. 
C) 3.31 and statistically insignificant since the P-value is less than 5 percent. 
D) 28.62 and statistically significant since the P-value is less than 5 percent.

Quizplus · Accepted Answer

The Answer of  Determine the t-statistic of the estimated slope coefficient for disposable income (point G) and whether that estimated slope coefficient is statistically significant at the 5 percent level.
A) 3.31 and statistically significant since the t-statistic is greater than 2 in absolute value. 
B) 0.03 and statistically insignificant since the t-statistic is less than 2 in absolute value. 
C) 3.31 and statistically insignificant since the P-value is less than 5 percent. 
D) 28.62 and statistically significant since the P-value is less than 5 percent.

Determine the T-Statistic of the Estimated Slope Coefficient for Disposable