The Accompanying Table Shows the Regression Results When Estimating

question 45

Multiple Choice

The accompanying table shows the regression results when estimating .Is x significantly related to y at the 5% significance level?

• A)Yes,since the p-value of 0.0745 is greater than 0.05.
• B)No,since the p-value of 0.0745 is greater than 0.05.
• C)Yes,since the slope coefficient of 1.417 is less than the test statistic of 2.25.
• D)No,since the slope coefficient of 1.417 is less than the test statistic of 2.25.

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Definitions:

Marginal Profit

The rise in earnings achieved by selling an extra unit of a product or service.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Competitive

A state of being in which entities vie against each other to achieve a goal, such as market dominance or winning a contest.

Profit-Maximizing

The process or strategy of adjusting operations and resources to achieve the highest possible profit.