TABLE 14-7
the Department Head of the Accounting Department Wanted $\text {SUMMARY OUTPUT}$

question 243

Short Answer

TABLE 14-7
The department head of the accounting department wanted to see if she could predict the GPA of students using the number
of course units (credits) and total SAT scores of each. She takes a sample of students and generates the following Microsoft
Excel output:
$\text {SUMMARY OUTPUT}$
$\begin{array}{ll}\hline \text { Regression Statistics } \\\hline \text { Multiple R }& 0.916 \\ \text { R Square} & 0.839 \\ \text { Adjusted R Square} & 0.732 \\ \text { Standard Error }& 0.24685 \\ \text { Observations} & 6 \\\hline\end{array}$

ANOVA
$\begin{array}{lccclc}\hline & \text {d f }& \text { SS }& \text { M S } & \text { F } & \text {Significance F } \\\hline \text { Regression} & 2 & 0.95219 & 0.47610 & 7.813 & 0.0646 \\ \text {Residual} & 3 & 0.18281 & 0.06094 & & \\ \text {Total} & 5 & 1.13500 & & & \\\hline\end{array}$

$\begin{array}{lrcrr}\hline & \text {Coefficients }& \text {Standard Error} & \text {t Stat } & \text { p -value} \\\hline \text { Intercept }& 4.593897 & 1.13374542 & 4.052 & 0.0271 \\ \text {Units }& -0.247270 & 0.06268485 & -3.945 & 0.0290 \\ \text {SAT Total }& 0.001443 & 0.00101241 & 1.425 & 0.2494 \\\hline\end{array}$


-Referring to Table 14-7, the value of the adjusted coefficient of multiple determination,
r²adj, is ______.

---

Definitions:

Physical Inventory

The process of counting the actual goods or materials a business holds in stock as a way to verify stock levels and value.

Estimated Returns Inventory

The projection of goods that are expected to be returned by customers within a specific period, considered in inventory and financial planning.

Cost of Goods Sold

The cost of goods sold represents the direct costs attributable to the production of the goods sold by a company.

Physical Inventory

A process where a company counts its actual inventory to ensure accuracy in its financial records.