TABLE 14-15 the Superintendent of a School District Wanted to Predict the Predict

question 82

Multiple Choice

TABLE 14-15
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 average of the percentage of students attending class (% Attendance) , average 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:
Note:

-Referring to Table 14-15, which of the following is a correct statement?

• A) The average percentage of students passing the proficiency test is estimated to go up by 8.50% when daily average of percentage of students attending class increases by 1%.
• B) The daily average of the percentage of students attending class is expected to go up by an estimated 8.50% when the percentage of students passing the proficiency test increases by 1%.
• C) The average percentage of students passing the proficiency test is estimated to go up by 8.50% when daily average of the percentage of students attending class increases by 1% holding constant the effects of all the remaining independent variables.
• D) The daily average of the percentage of students attending class is expected to go up by an estimated 8.50% when the percentage of students passing the proficiency test increases by 1% holding constant the effects of all the remaining independent variables.

---

Definitions:

Liabilities

Financial obligations or debts owed by a business to external parties, which must be settled over time through the transfer of economic benefits.

Insurance Premium

A periodic payment made by an individual or company to an insurance company in exchange for coverage against specified risks.

Office Supplies

Office supplies encompass a range of items used in an office for the purpose of conducting day-to-day operations, including stationery, paper, pens, and computing equipment.

Journal Entries

The records of financial transactions in an accounting system that detail the accounts affected and in what manner, serving as the primary means to document financial activity.