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Suppose You Estimate Restaurant Sales as a Function of the Quality

Question 30

Multiple Choice

Suppose you estimate restaurant sales as a function of the quality of SERVICE,PRICE,and consumer INCOME and you get the following results (p-values in parentheses)  Sales i=4,567.29+1,245.77 Service i+849.36 Price i+72.81 Income i(0.003) (0.096) (0.103) (0.047) \begin{array} { lllll } \text { Sales } _ { i } = & 4,567.29 + &1,245.77 \text { Service } _ { i } + &849.36 \text { Price } _ { i } +& 72.81 \text { Income } _ { i } \\&( 0.003 ) & ( 0.096 ) & ( 0.103 ) & ( 0.047 ) \end{array}
Given our usual language,we would conclude that


A) SERVICE,PRICE,and INCOME are all statistically significant.
B) INCOME and SERVICE are statistically significant;PRICE is marginally significant.
C) INCOME is statistically significant;SERVICE and PRICE are marginally significant.
D) INCOME is statistically significant;SERVICE are marginally significant;PRICE is statistically insignificant.

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