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A Local Parent Group Was Concerned with the Increasing Cost

question 48

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A local parent group was concerned with the increasing cost of school for families with school aged children.The parent group was interested in understanding the relationship between the academic grade level for the child and the total costs spent per child per academic year.They performed a multiple regression analysis using total cost as the dependent variable and academic year (x1) as the independent variables.The multiple regression analysis produced the following tables.  Coefficients  Stardard Error t Statistic p-value  Intercept 707.9144435.11831.6269470.114567x12.90330781.628020.0355680.971871x1211.912973.8062113.1298780.003967\begin{array} { | c | c | c | c | c | } \hline & \text { Coefficients } & \text { Stardard Error } & t \text { Statistic } & p \text {-value } \\\hline \text { Intercept } & 707.9144 & 435.1183 & 1.626947 & 0.114567 \\\hline \boldsymbol { x } _ { 1 } & 2.903307 & 81.62802 & 0.035568 & 0.971871 \\\hline \mathbf { x } _ { 1 } ^ { 2 } & 11.91297 & 3.806211 & 3.129878 & 0.003967 \\\hline\end{array}  df  SS  MS Fp-value  Regression 2320551531602757747.345571.49E09 Residual 279140128338523.3 Total 2941195281\begin{array} { | c | c | c | c | c | c | } \hline & \text { df } & \text { SS } & \text { MS } & F & p \text {-value } \\\hline \text { Regression } & 2 & 32055153 & 16027577 & 47.34557 & 1.49 \mathrm { E } - 09 \\\hline \text { Residual } & 27 & 9140128 & 338523.3 & & \\\hline \text { Total } & 29 & 41195281 & & & \\\hline\end{array} Using α\alpha = 0.05 to test the null hypothesis H0: β\beta 1 = 0, the critical t value is ____.


Definitions:

M-form Design

A type of organizational structure known as the Multidivisional form, characterized by a series of semi-autonomous divisions that are responsible for different products or markets, overseen by a central headquarters.

Functional Design

An approach to designing products, services, or systems that focuses on practicality and performance, meeting specific objectives and user needs.

Divisional Design

A type of organizational structure that groups together departments based on similar products, services, markets, or geographic locations.

Stability Strategy

A business approach aimed at maintaining current operations and focusing on consistent performance and steady growth, rather than rapid expansion or restructuring.

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