TABLE 13-9 It Is Believed That, the Average Numbers of Hours Spent

question 75

Multiple Choice

TABLE 13-9
It is believed that, the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY, measured in thousands of dollars per month) after graduation. Given below is the Excel output from regressing starting salary on number of hours spent studying per day for a sample of 51 students.
Note: Some of the numbers in the output are purposely erased.

-Referring to Table 13-9, the degrees of freedom for testing whether HOURS affects SALARY are

• A) 1, 49
• B) 1, 50
• C) 49, 1
• D) 50, 1

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Definitions:

Foreign Currency

Currency used in a country that is not the domestic currency where a person or company resides.

US Goods

Products manufactured or produced within the United States, encompassing a wide range of commodities, from food to technology.

Foreign Goods

Products or services that are produced in other countries and imported into the domestic market.

Rate Of Inflation

The percentage increase in the price level of goods and services in an economy over a period of time, typically measured annually.