Based on the Regression Output Shown Below, Which of the Following

Multiple Choice

Based on the regression output shown below, which of the following statements is true?
The regression equation is
Price (cents) = 128 + 1.08 Time
Predictor Coef SE Coef T P
Constant 128.112 2.092 61.25 0.000
Time 1.0782 0.1407 7.66 0.000
S = 5.07299 R-Sq = 71.9%
Durbin-Watson statistic = 0.244822

A) The regression slope is significantly different from zero.
B) The model explains 71.9% of the variability in heating oil prices.
C) The linear model is appropriate.
D) Both A and B.
E) All of the above.