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.
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.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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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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