Which one of the following statements is true concerning the 95% confidence interval for the regression coefficient for the Living Area variable?
A)Because the confidence interval does not include zero, we have evidence to conclude that there is a relationship between the living area of a house and the selling price of the house.
B)Because the confidence interval does not include zero, we have evidence to conclude that there is no relationship between the living area of a house and the selling price of the house.
C)Because the confidence interval includes zero, we have evidence to conclude that there is no relationship between the living area of a house and the selling price of the house.
D)Because the confidence interval includes zero, we have evidence to conclude that there is a relationship between the living area of a house and the selling price of the house.

Question

Quizplus · Accepted Answer

When a 95% confidence interval for a regression coefficient does not include zero, it suggests that there is a statistically significant relationship between the variable (in this case, living area) and the outcome (selling price of the house). This means we have evidence to support the existence of a relationship.

Which One of the Following Statements Is True Concerning the 95