Regression with S&P 500 (x-variable) vs. Company A (y-variable)
Coefficients Standard Error t Stat P-value
S&P 500 Index 1.082553178 0.275285934 3.932468184 0.000226989
Company (A)
Mean 0.949840777
Standard Error 0.747830986
Standard Deviation 5.792673908
Sample Variance 33.555070999
Count 60
Q: The maximum level of significance at which stock returns of company A moves perfectly with the market is?
I think the question is to test if the slope is equal to 1 or not equal to 1, so i (0.949840777-1)/(5.792673908/sqrt(60)), and get p-value 0.9467154. i don't what to do,i guess the significance level is 0.1, 0.90, 0.94, 0.99, 0.1, 0.01, but they are all wrong.
Thanks for help!