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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, the null hypothesis should be rejected at a 5% level of significance when testing whether daily average of the percentage of students attending class has any effect on percentage of students passing the proficiency test.
GDP Deflator
A standard for assessing the price rates of all freshly made, domestically sourced, final goods and services in an economic environment.
Real GDP
Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in real terms.
Nominal GDP
The total economic value of all the final products and services generated within a nation's borders in a specified timeframe, calculated without any modification for inflation.
Imports
Goods or services brought into one country from another for sale or exchange.
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