A Prediction Equation for Sales and Payroll Was Performed Using

question 54

Multiple Choice

A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?

• A) Payroll is a good predictor of Sales based on α = 0.05.
• B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05.
• C) Payroll is not a good predictor of Sales based on α = 0.01.
• D) The coefficient of determination is equal to 0.833333.
• E) Payroll is the independent variable.

---

Definitions:

Lawnmower

A machine equipped with revolving blades or a blade bar for cutting grass to an even length.

Gratuitous Bailment

A bailment where the bailee agrees to hold onto the bailor's property without expecting any form of payment.

Exercise Control

The act of directing, managing, or commanding something or someone effectively.

Duty

In a negligence action, an obligation to live up to a reasonable standard.