Parameter Estimate Is Said to Be Statistically Significant If There

question 20

Multiple Choice

parameter estimate is said to be statistically significant if there is sufficient evidence that the

• A)sample regression equals the population regression.
• B)parameter estimated from the sample equals the true value of the parameter.
• C)value of the t-ratio equals the critical value.
• D)true value of the parameter does not equal zero.

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Definitions:

Demand Curves

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Market Equilibrium

A condition in which the supply of a good matches demand, leaving neither surplus nor shortage in the market.

Environmental Indicators

Measurements, statistical data, and analysis used to represent the health of the environment, guide public policy, and inform the public.