In a regression of quantity_sold on number_of_tv_ads, the coefficient on number_of_tv_adsis 1.3 and statistically insignificant. What can one learn from this information?
A. It is unlikely that the true effect of the number_of_tv_ads is greater than zero.
B. It is likely that the true effect of the number_of_tv_ads is greater than zero.
C. It is likely that we'd see an effect this large, even if the true coefficient on the number_of_tv_ads is zero.
D. An increase in predicted sales of 1.3 is not a large number when it comes to quantity_sold.
Answer: C. It is likely that we'd see an effect this large, even if the true coefficient on the number_of_tv_ads is zero.