Which of the Following Statements Is True

question 102

Multiple Choice

Which of the following statements is true?

• A) If the confidence interval estimate for the regression slope coefficient crosses over zero, the average change in y for a one-unit change in x may be zero.
• B) If the regression slope coefficient is very close to zero, this means that the relationship between the x and y variables is statistically insignificant.
• C) A statistically significant regression slope coefficient indicates that for a one-unit change in y there will be a positive change in x by an amount equal to the regression slope coefficient.
• D) It is acceptable to make predictions for y using x values that are outside the range of the data that was used in the regression.

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Definitions:

Unemployed

A term describing individuals who are capable of working, actively seeking work, but unable to find a job.

Full Employment

A situation in which all available labor resources are being used in the most efficient way possible, implying minimal involuntary unemployment.

Economic Goal

Objectives that societies or governments aim to achieve to ensure long-term sustainable prosperity.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically with low unemployment.