The P-Value Measures

question 62

Multiple Choice

The p-value measures:

• A) The probability that the regression equation is reliable.
• B) The statistical significance of the dependent variable.
• C) The risk that a particular independent variable has only a chance relationship to the dependent variable.
• D) The confidence range around the regression prediction.

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Definitions:

Economic Cost

The total cost of choosing one action over another, including both explicit and implicit costs.

Market Rate of Interest

The prevailing interest rate available in the marketplace on loans, determined by the supply of and demand for funds.

Anti-Employment Discrimination Legislation

Laws designed to prevent unfair treatment of workers based on personal characteristics, such as the Civil Rights Act in the United States.