When a regression coefficient is significant at the .05 level, it means that there is only a five percent chance that there will be an error in a forecast. there is 95 percent chance that the regression coefficient is the true population coefficient. there is a five percent chance or less that the estimated coefficient is zero. there is a five percent chance or less that the regression coefficient is not the true population coefficient.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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When a regression coefficient is significant at the .05 level, it means that

there is only a five percent chance that there will be an error in a forecast.

there is 95 percent chance that the regression coefficient is the true population coefficient.

there is a five percent chance or less that the estimated coefficient is zero.

there is a five percent chance or less that the regression coefficient is not the true population coefficient.

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