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TABLE 14-16
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:
ANOVA
-Referring to Table 14-16, what is the value of the test statistic to determine whether there is a significant relationship between percentage of students passing the proficiency test and the entire set of explanatory variables?
Surplus Material
Excess materials that are not required for current production needs and may be sold or reused in future projects.
Purchased Lots
Refers to parcels or quantities of goods acquired by a company, often used in reference to real estate or bulk purchases of inventory.
Relevant Cost
Costs that will be affected by a decision and will have an impact on the future.
Variable Production Cost
Charges that fluctuate in line with production levels, such as direct labor and materials used.
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