Determine the intercept coefficient (point E) and whether that estimate is statistically significant at the 5 percent level.
A)1,664.46 and statistically significant since the p-value is less than 5 percent.
B)2.32 and statistically significant since the t statistic is greater than 2 in absolute value.
C)1,664.46 and statistically insignificant since the p-value is less than 5 percent.
D)2.32 and statistically insignificant since the t statistic is less than 2 in absolute value.

Question

Quizplus · Accepted Answer

The intercept coefficient is 1,664.46, and the p-value is less than 5 percent, indicating that the estimate is statistically significant at the 5 percent level.

Determine the Intercept Coefficient (Point E) and Whether That Estimate