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

question 22

Short Answer

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, predict the percentage of students passing the proficiency test for all the schools that have a daily average of 95% of students attending class, an average teacher salary of 40,000 dollars, and an instructional spending per pupil of 2000 dollars.

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Definitions:

Deductible

The amount paid out of pocket by the policyholder before an insurance provider pays any expenses.

Premium

An amount paid that is above the standard price or rate for an enhanced feature, service, or higher priority.

Insurance Companies

Financial institutions that provide coverage against specific losses in exchange for premiums.

Signaling

Taking some action to establish credibility despite possessing private information; a way to reduce adverse selection.