Using Excel, the Manager of Quick Breaks Coffees Has Estimated

question 54

Multiple Choice

Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. Using 95 percent confidence, the P- value for the slope coefficient on price suggests which of the following is true?

• A)The true slope coefficient is less than the critical value.
• B)The true slope coefficient exceeds the critical value.
• C)The true slope coefficient is nonzero.
• D)The true slope coefficient is zero.

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