A) 0.9999. B) 0.00005. C) 0.99995. D) 0.0001. Please show steps on how to solve.

Question

A) 0.9999.

B) 0.00005.

C) 0.99995.

D) 0.0001.

Please show steps on how to solve.

TABLE 14-3 An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.991 0.982 0.976 0.299 10 ANOVA Signif F 0.0001 df MS Regression Residual Total 33.4163 0.6277 34.0440 16.7082 186.325 0.0897 Intercept GDP Price Coeff 0.0861 0.7654 StdError tStat 0.5674 0.0574 0.0028 0.152 13.340 0.219 P-value 0.8837 0.0001 0.8330 0.0006

Explanation / Answer

The p -value can be found from the above table correponding to the GDP as 0.0001 (please look at the last column and 2nd last row in the last table). thus answer is D

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