nt Test Introduction : Pre-Assessment Test The regression analysis below charact

Question

nt Test Introduction : Pre-Assessment Test The regression analysis below characterizes the relationship between monthly ice cream consumption (in pints per household) and the independent variables "average monthly temperature" (in degrees Fahrenheit) and "average price" (in dollars per pint). At a significance level of 0.05, which independent variables contribute significantly to the consumption of ice cream? Average monthly temperature only Average price of a pint of ice cream only Both independent variables Neither independent variable ce Cream C vs. Average Monthly Temperature and Average Pr MultipleR Adjusted R Regression Statistics 0.8476 0.7183 0.6902 0.2905 F test results F-value Sign Error 25.50

Explanation / Answer

For average monthly temperature, p - value = 0.000

Hence,

Only average monthly temperature is significant.

Option A is correct.

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