Determine the standard error of the estimated slope coefficient for the price of roses (point F) and whether that estimated 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 greater than 5 percent.
D) 4.74 and statistically significant since the P-value is greater than 5 percent.

Question

Determine the standard error of the estimated slope coefficient for the price of roses (point F) and whether that estimated 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 greater than 5 percent. 
D) 4.74 and statistically significant since the P-value is greater than 5 percent.

Quizplus · Accepted Answer

The Answer of  Determine the standard error of the estimated slope coefficient for the price of roses (point F) and whether that estimated 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 greater than 5 percent. 
D) 4.74 and statistically significant since the P-value is greater than 5 percent.

Determine the Standard Error of the Estimated Slope Coefficient for the Price