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7.A credit card company is trying to understand and even predict annual charges that a customer will make on their cards using 5 variables: annual

7.A credit card company is trying to understand and even predict annual charges that a customer will make on their cards using 5 variables: annual income (in $1000), household size, years of post-high school education (labeled simply "Education"), hours per week watching television (labeled "TV Hours") and age of the primary card holder.

They collect data on 100 randomly selected customers and measure the variables described above. They then perform a multiple regression analysis and find the results shown in the questions below.

Important Note: While the scenario above applies to all of the questions below, the output shown in different questions may change from question to question. Please be careful that you use the appropriate output for each question.

71 pts

For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same).

For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same).

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.534
R Square 0.285
Adjusted R Square 0.247
Standard Error 4791.473
Observations 100
ANOVA
df SS MS F Significance F
Regression 5 859571711.8 1.72E+08 7.488 5.940E-06
Residual 94 2158071843 22958211
Total 99 3017643555
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 3637.638 2700.353 1.347 0.1812 -1723.976 8999.252
Annual Income ($1000) 108.876 19.008 5.728 1.216E-07 71.135 146.617
Household Size 285.883 218.539 1.308 0.1940 -148.032 719.797
Education -200.021 320.557 -0.624 0.5342 -836.494 436.451
TV Hours -3.683 28.451 -0.129 0.8973 -60.175 52.808
Age -10.82 46.632 -0.232 0.817 -103.41 81.769

What p-value would you use to determine if weekly hours of TV watching is significantly related to annual charges?

Group of answer choices

0.8973

0.5342

0.1812

-0.129

0.817

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