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TABLE 15-4
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.
Let Y = % Passing as the dependent variable,X1 = % Attendance,X2 = Salaries and X3 = Spending.
The coefficient of multiple determination ( ) of each of the 3 predictors with all the other remaining predictors are,respectively,0.0338,0.4669,and 0.4743.
The output from the best-subset regressions is given below: Following is the residual plot for % Attendance:
Following is the output of several multiple regression models:
Model (I) : Model (II) :
Model (III) :
-Referring to Table 15-4,which of the following models should be taken into consideration using the Mallows' Cp statistic?
Operating Expenses
Costs associated with running a business's core operations on a daily basis, excluding the cost of goods sold.
Current Assets
Assets that are cash or can be converted into cash within a year, including cash, accounts receivable, and inventory.
Amortized
The process of gradually writing off the initial cost of an asset over a period, or similarly, spreading loan payments over the loan term.
Amortization
Amortization is the process of gradually writing off the initial cost of an intangible asset over its useful life, reflecting its consumption or decline in value.
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