Q693
Slope coefficient of beta is classified statistically significant if its probability is
A.
greater than 5%
B.
equal to 5%
C.
less than 5%
AnswerD.
less than 2%
Answer: Option C
Solution
Answer: Option C
Solution:
Slope coefficient of beta is classified statistically significant if its probability is less than 5%. A standardized beta coefficient compares the strength of the effect of each individual independent variable to the dependent variable.