Is the coefficient for the unemployment rate variable statistically significant at the 5% significance level? Explain.
Is the coefficient for the unemployment rate variable statistically significant at the 5% significance level? Explain.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
You are conducting a multiple
y = 6.5 + 2.2x1 + 4.6x2
The standard error for the intercept, unemployment rate are 9.34, and 1.23, respectively.
Is the coefficient for the unemployment rate variable statistically significant at the 5% significance level? Explain.
Answer choices:
A. No, since the p-value for this coefficient is .072, which is greater than .05
B. No, since the p-value for this coefficient is .072, which is greater than .05
C. None of these
D. No, since tstat = 1.39 for this coefficient, which is less than 2.365.
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