This is probably simple question, but after searching for a bit I didn't find (or alternatively understand) an answer. (I'm sure a question like this has been posted again and again, but it is quite hard to find the exact thing when your knowledge of the subject is very limited.)
I'm trying to figure how I can find if intercept is significantly different from 0 (or any number).
So I have some made-up numbers:
I do remember that the Pr(>|t|) refers to the significance, but significance of what?
Thanks for your time.
(In case the image doesn't show, this is the ugly version, couldn't figure how to format it here:)
Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) -0.005 0.001 -2 0.08 . mkt 1.2 0.03 50 <2e-16 ***