When a regression coefficient is significant at the .05 level,it means that
A)there is only a five percent chance that there will be an error in a forecast.
B)there is 95 percent chance that the regression coefficient is the true population coefficient.
C)there is a five percent chance or less that the estimated coefficient is zero.
D)there is a five percent chance or less that the regression coefficient is not the true population coefficient.

Question

Quizplus · Accepted Answer

When a regression coefficient is significant at the .05 level, it means that there is a 5 percent chance or less that the estimated coefficient is zero. This is the probability that the coefficient is not equal to zero, meaning it has a true influence on the outcome variable. It does not guarantee that the estimated coefficient is exactly equal to the true population coefficient or that there will be no errors in a forecast.

When a Regression Coefficient Is Significant at the