Question

When a regression coefficient is significant at the .05 level, it means that _____

a. there is only a five percent chance that there will be an error in a forecast.
b. there is 95 percent chance that the regression coefficient is the true population coefficient.
c. there is a five percent chance or less that the estimated coefficient is zero.
d. there is a five percent chance or less that the regression coefficient is not the true population coefficient

Answer 1

A

Step-by-step explanation:

0,05 (5%) level of significance means that there is 95% confidence that the forecast is accurate and a 5% probability that it is not accurate and there is an error.