Determine the standard error of the estimated slope coefficient for the price of roses (point F) and whether that estimate slope coefficient is statistically significant at the 5 percent level.
A) 9.42 and statistically significant since the t statistic is greater than 2 in absolute value.
B) 9.42 and statistically insignificant since the t statistic is less than 2 in absolute value.
C) 4.74 and statistically insignificant since the p-value is less than 5 percent.
D) 4.74 and statistically significant since the p-value is less than 5 percent.
Correct Answer:
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