Determine the T Statistic of the Estimated Slope Coefficient for Disposable

Multiple Choice

Determine the t statistic of the estimated slope coefficient for disposable income (point G) and whether that estimate slope coefficient is statistically significant at the 5 percent level.

A) 3.31 and statistically significant since the t statistic is greater than 2 in absolute value.
B) 0.03 and statistically insignificant since the t statistic is less than 2 in absolute value.
C) 3.31 and statistically insignificant since the p-value is less than 5 percent.
D) 28.62 and statistically significant since the p-value is less than 5 percent.