et alpha=0.05. The following is a partial output of Demand. Coef Std Err t stat

Question

et alpha=0.05. The following is a partial output of Demand.

                                   Coef                          Std Err                         t stat
Intercept                     280                              10                              29.64
Price                        -0.30                           0.06
Price_Sq                  0.000070                  0.00007

To test whether the second_order term significantly contribute to the prediction of Demand, the value of the test statistic is

1

2

10

-500

none of the answers

1

2

10

-500

none of the answers

Explanation / Answer

To test whether the second_order term significantly contribute to the prediction of Demand, the value of the test statistic is none of the answers

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