Use the Following Regression Results to Answer the Question Below

question 101

Multiple Choice

Use the following regression results to answer the question below. ANOVA In conducting a hypothesis test of the slope using a 0.05 level of significance,which of the following is correct?

• A)The slope differs significantly from 0 because p = 0.205 is greater then 0.05.
• B)The slope does not differ significantly from 0 because p = 0.205 is greater then 0.05.
• C)The slope differs significantly from 0 because p = 0.003 is less then 0.05.
• D)The slope does not differ significantly from 0 because p = 0.003 is less then 0.05.

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Definitions:

Behavioral Economics

A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions made by individuals and institutions.

Decision Making

The cognitive process of selecting a course of action among multiple alternatives.

Goods And Services

Products and activities that fulfill the wants and needs of consumers, with goods being tangible objects and services being intangible activities.

Prospect Theory

A behavioral economic theory that describes how people make choices when faced with uncertainty, emphasizing the psychological value of gains and losses rather than the final outcome.