Which Is Not Correct Regarding the Estimated Slope of the OLS

question 95

Multiple Choice

Which is not correct regarding the estimated slope of the OLS regression line?

• A)It is divided by its standard error to obtain its t statistic.
• B)It shows the change in Y for a unit change in X.
• C)It is chosen so as to minimize the sum of squared errors.
• D)It may be regarded as zero if its p-value is less than α.

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Definitions:

Total Revenues

The sum of all earnings or income generated by a business or entity from its operations, before any deductions or expenses are taken into account.

Forgone Entrepreneurial Income

The potential earnings that an entrepreneur sacrifices by choosing to operate their business instead of working elsewhere for a salary.

Production Costs

Expenses incurred in the manufacturing or production process, including raw materials, labor, and overhead costs.