Referring to Table 1 the pvalue for the aggregated price ind

Referring to Table 1, the p-value for the aggregated price index is

0.05

0.01

0.001

None of the above

All economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below.

Solution

Referring to Table 1, the p-value for the aggregated price index is

0.05

0.01

0.001

None of the above

Answer: None of the above

From the result P value for price index is 0.833

price index is not significant.