SUMMARY OUTPUTRegression StatisticsMultiple R0.971R-SquareAAdjusted R-SquareBStandard Error30.462Observations51 ANOVA dfSSMSFSignificance FRegressionC747851.57373925.79402.989.89E-31Residual48D927.91 Total50792391.11 CoefficientsStandard Errort StatP-ValueLower 95%Upper 95%InterceptE62.1326.791.60E-301539.661789.51Price of Roses-6.68F-1.411.64E-01-16.162.81Disposable Income (M)9.730.34G1.23E-319.0410.42Determine the intercept coefficient (point E) and whether that estimate is statistically significant at the 5 percent level.
A. 1,664.46 and statistically insignificant since the P-value is less than 5 percent.
B. 2.32 and statistically significant since the t-statistic is greater than 2 in absolute value.
C. 1,664.46 and statistically significant since the P-value is less than 5 percent.
D. 2.32 and statistically insignificant since the t-statistic is less than 2 in absolute value.
Answer: C
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