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Examveda

Slope coefficient of beta is classified statistically significant if its probability is

A. greater than 5%

B. equal to 5%

C. less than 5%

D. less than 2%

Answer: Option C

Solution(By Examveda Team)

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.

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