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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, we can conclude that average teacher salary has no impact on average percentage of students passing the proficiency test at a 10% level of significance based solely on the 95% confidence interval estimate for þ2.
Price
The expenditure required to procure a good, service, or asset.
Income
The amount of money received by an individual or entity over a specified period, usually through employment, business, or investments.
Demand Curve
A graph representing the relationship between the price of a good and the quantity demanded by consumers.
Income
Financial gains accrued from work or investments over time.
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