TABLE 17-8 the Superintendent of a School District Wanted to Predict the Predict

question 167

True/False

TABLE 17-8
The superintendent of a school district wanted to predict the percentage of students passing a sixth-grade proficiency test.She obtained the data on percentage of students passing the proficiency test (% Passing),daily mean of the percentage of students attending class (% Attendance),mean teacher salary in dollars (Salaries),and instructional spending per pupil in dollars (Spending)of 47 schools in the state.
Following is the multiple regression output with Y = % Passing as the dependent variable,X₁ = % Attendance,X₂ = Salaries and X₃ = Spending:
-True or False: Referring to Table 17-8,you can conclude that instructional spending per pupil individually has no impact on the mean percentage of students passing the proficiency test,taking into account the effect of all the other independent variables,at a 1% level of significance based solely on the 95% confidence interval estimate for β₃.

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Definitions:

Semi-Annually Compounded

Describes the methodology of applying interest to a principal amount two times within a year.

Quarterly Payments

Payments made four times a year, typically for loans, mortgages, or other financial products.

Monthly Payments

Regular amounts paid each month towards the repayment of a loan or debt.

Nominal Rate

The interest rate stated on a loan or investment agreement, not accounting for inflation or other factors that affect the real rate of return.