Question: I am having a hard time understanding this question. At the 5% level, does the price have a significant impact on the quantity demanded?

I am having a hard time understanding this question. " At the 5% level, does the price have a significant impact on the quantity demanded"?

\fSUMMARY OUTPUT Regression Statistics Multiple R 0.9361 R Square 0.8763 Adjusted R Square 0.8694 Standard Error 6.2476 Observations 20 ANOVA 55 MS F Significance F Regression 1 4977.96 4977.96 127.53 0.000 Residual 18 702.59 39.03 Total 19 5680.55 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 127.97 5.22 24.51 0.00 117.00 138.94 117.00 138.94 X Variable 1 -16.49 1.46 -11.29 0.00 -19.56 -13.43 -19.56 -13.43

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