As a rule of thumb,a parameter estimate is statistically different from zero when the absolute value of the t-statistic is:
A) zero.
B) less than one.
C) greater than or equal to 1.
D) greater than or equal to 2.

Question

Quizplus · Accepted Answer

The t-statistic is generally considered to indicate a parameter estimate statistically different from zero when its absolute value is greater than or equal to 2, which typically corresponds to a 95% confidence level or a p-value of less than 0.05.

As a Rule of Thumb,a Parameter Estimate Is Statistically Different