Refer to the Following Regression Results

question 31

Multiple Choice

Refer to the following regression results.The dependent variable is Abort (the number of abortions per 1000 women of childbearing age) .The regression was estimated using data for the 50 U.S.states with these predictors: EdSpend = public K-12 school expenditure per capita,Age = median age of population,Unmar = percent of total births by unmarried women,Infmor = infant mortality rate in deaths per 1000 live births. Which statement is not supported by a two-tailed test?

• A) Unmar is a significant predictor at α.= .01.
• B) EdSpend is a significant predictor at α = .20.
• C) Infmor is not a significant predictor at α = .05.
• D) Age is not a significant predictor at α = .05.

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Definitions:

More Inelastic

Referring to a situation where a product's demand or supply is less responsive to changes in price.

Cross Elasticity

A measure of the responsiveness of the demand for one product in relation to a change in the price of another product.

Substitutes

Goods or services that can be used in place of each other.

Elastic

A term that describes the sensitivity of the demand for a good or service to a change in its price, with "elastic" demand being significantly responsive to price changes.