Regression Statistics R Square Adjusted R Square Standard Error Observations Intercept Price 0.96 0.95 3.3 35 Coefficient S 170.03 -22.48 Standard Error 3.19 0.74 t Stat P-value Lower 95% Upper 95% 163.53 176.5 -24.01 -20.96 32) Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. The t-statistic for the slope coefficient on price is which, at the 5% percent significance level, will suggest that the price is A) -30.11: significant. C)-30.11; insignificant. B) 53.16 insignificant. D) 53.16; significant.

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Regression Statistics
R Square
Adjusted R Square
Standard Error
Observations
Intercept
Price
0.96
0.95
3.3
35
Coefficient
S
170.03
-22.48
Standard
Error
3.19
0.74
t Stat P-value
Lower 95% Upper 95%
163.53
176.5
-24.01
-20.96
32) Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its
regular coffees; the results are shown in the table above. The t-statistic for the slope coefficient on
price is
which, at the 5% percent significance level, will suggest that the price is
A) -30.11: significant.
C)-30.11; insignificant.
B) 53.16; insignificant.
D) 53.16; significant.
Transcribed Image Text:Regression Statistics R Square Adjusted R Square Standard Error Observations Intercept Price 0.96 0.95 3.3 35 Coefficient S 170.03 -22.48 Standard Error 3.19 0.74 t Stat P-value Lower 95% Upper 95% 163.53 176.5 -24.01 -20.96 32) Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. The t-statistic for the slope coefficient on price is which, at the 5% percent significance level, will suggest that the price is A) -30.11: significant. C)-30.11; insignificant. B) 53.16; insignificant. D) 53.16; significant.
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