Y =Yearly Income (measured in thousands of dollars)

X = 1 if someone has a Bachelors degree or higher and 0 otherwise

You obtain the following regression equation from your analysis:

yhat = 31.6 + 14.3*x

where the value of 14.3 has a p-value of 0.01

Using an alpha level of .05, what is your conclusion about the relationship between the variables Y and X

a) Variable Y has no impact on Variable X

b) Variable Y has a statistically significant impact on Variable X

c) Variable X has a statistically significant impact on Variable Y

d) You can not make a statement on the relationship between Variables X and Y based on a p-value

e) Variable X does not have a statistically significant impact on Variable Y