Question: Question 30 (3 points) Referring to Table 7, to test for the significance of the coefficient on aggregate price index, the p-value is 1) 0.0001

Question 30 (3 points) Referring to Table 7, to
Question 30 (3 points) Referring to Table 7, to
Question 30 (3 points) Referring to Table 7, to test for the significance of the coefficient on aggregate price index, the p-value is 1) 0.0001 7 2) 0.9999. 3) 0.8837 4) 0.8330. TABLE 7 An economist is interested to see how consumption for an economy (in S billions) is influenced by gross domestic product (5 billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below SUMMARY OUTPUT Regression Statistics Multiple R 0.991 R Square 0.982 Adjusted R Square 0.976 Standard Error 0.299 Ohuervations 10 ANOVA SS Regression 2 114163 Residual 7 0.6277 Total 9 34 04:40 MS 16.7082 O ON97 F 186,325 Signif 0.0001 tutercept GDP Prie Coel 0.7654 0 000 Stor 0.5674 0.0574 0.002 SM 0 152 131.0 0219 w ON 0.0001 D

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