Determine the T Statistic of the Estimated Slope Coefficient for Disposable

question 49

Multiple Choice

Determine the t statistic of the estimated slope coefficient for disposable income (point G) and whether that estimate slope coefficient is statistically significant at the 5 percent level.

• A)3.31 and statistically significant since the t statistic is greater than 2 in absolute value.
• B)0.03 and statistically insignificant since the t statistic is less than 2 in absolute value.
• C)3.31 and statistically insignificant since the p-value is less than 5 percent.
• D)28.62 and statistically significant since the p-value is less than 5 percent.

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Definitions:

Storage Class

A classification in programming that determines the lifetime and scope of variables or functions.

Local Variables

Variables that are declared inside a function or block and can only be accessed within that function or block.

Automatic

In programming, "automatic" refers to variables that are automatically allocated and deallocated by the compiler, typically stored on the stack.