If a coefficient is not statistically significant, what does that mean? 1 There is omitted variable bias. 2 None of these 3 The other variables are highly correlated with the dependent variable. 4 There is no multicollinearity. 5 The dependent variable is probably not influenced by the independent variable.

If a coefficient is not statistically significant, what does that mean? 1 There is omitted variable bias. 2 None of these 3 The other variables are highly correlated with the dependent variable. 4 There is no multicollinearity. 5 The dependent variable is probably not influenced by the independent variable.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 24PFA

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Question

If a coefficient is not statistically significant, what does that mean?

1		There is omitted variable bias.
2		None of these
3		The other variables are highly correlated with the dependent variable.
4		There is no multicollinearity.
5		The dependent variable is probably not influenced by the independent variable.

Definition Definition Relationship between two independent variables. A correlation tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

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