Question #76
Reading: Reading 1 Multiple Regression
PDF File: Reading 1 Multiple Regression.pdf
Page: 36
Status: Unattempted
Question
Which of the following statements most accurately interprets the following regression results at the given significance level? Variable p-value Intercept 0.0201 X1 0.0284 X2 0.0310 X3 0.0143
Answer Choices:
A. The variable X2 is statistically significantly different from zero at the 3% significance level
B. The variables X1 and X2 are statistically significantly different from zero at the 2% significance level
C. The variable X3 is statistically significantly different from zero at the 2% significance level
Explanation
The p-value is the smallest level of significance for which the null hypothesis can be
rejected. An independent variable is significant if the p-value is less than the stated
significance level. In this example, X3 is the variable that has a p-value less than the stated
significance level.