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, we can conclude that instructional spending per pupil has no impact on the mean percentage of students passing the proficiency test at a 5% level of significance using the 95% confidence interval estimate for β3.
Definitions:
Asset Turnover Ratio
A financial metric that measures the efficiency of a company’s use of its assets in generating sales revenue or sales income to the firm.
Financial Statements
Consolidated documents showing an entity's financial activities and condition, including balance sheet, income statement, and cash flow statement.
Common Shares
Represents ownership units in a corporation, giving holders voting rights and a share in the company's profits through dividends or capital appreciation.
Return On Sales Ratio
A financial metric that calculates how efficiently a company is generating profits from its revenue, by dividing operating profit by net sales.
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