Basics of accurate interpretation of the situation

Reference no: EM13103122

You are trying to interpret a t-test for your multiple regression analysis. You had 10 total observations with 3 independent variables. The regression on the independent variables returned coefficients and t-stats as follows... Price coefficient: -10 and t stat is -2. Location coefficient: 0.5 and t stat is 1.995. Advertising coefficient is 200 and t stat is 1.75. Which of the following statements is an accurate interpretation of the situation when using an alpha of .10?

A) Only the price and location variables are significant.

B) Our output goes down 10 for every 1 dollar increase in price.

C) The critical value you should use is 1.943 and -1.943

D) All of the above

E) None of the above.

Reference no: EM13103122

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