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TABLE 14-5
a Microeconomist Wants to Determine How Corporate

question 17

Multiple Choice

TABLE 14-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
 Regression Statistics  Multiple R 0.830 R Square 0.689 Adjusted R Square 0.662 Standard Error 17501.643 Observations 26\begin{array}{l}\text { Regression Statistics }\\\begin{array} { l r } \hline \text { Multiple R } & 0.830 \\\text { R Square } & 0.689 \\\text { Adjusted R Square } & 0.662 \\\text { Standard Error } & 17501.643 \\\text { Observations } & 26\end{array}\end{array}

ANOVA
 d f  S S  M S  F  Significance F Regression215579777040778988852025.4320.0001Residual 237045072780306307512Total 2522624849820\begin{array}{lcrrrr}\hline & \text { d f }&\text { S S } & \text { M S } & \text { F }&\text { Significance F } \\\hline \text {Regression} & 2 & 15579777040 & 7789888520 & 25.432 & 0.0001 \\\text {Residual }& 23 & 7045072780 & 306307512 & & \\\text {Total }& 25 & 22624849820 & & & \\\hline\end{array}

 Coefficients  Standard Error t Stat  p-value  Intercept 15800.00006038.29992.6170.0154 C apital 0.12450.20450.6090.5485 W ages 7.07621.47294.8040.0001\begin{array} { l c c c c } & \text { Coefficients } & \text { Standard Error} & \text { t Stat } & \text { p-value } \\\text { Intercept } & 15800.0000 & 6038.2999 & 2.617 & 0.0154 \\\text { C apital } & 0.1245 & 0.2045 & 0.609 & 0.5485 \\\text { W ages } & 7.0762 & 1.4729 & 4.804 & 0.0001 \\\hline\end{array}

-Referring to Table 14-5, suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0. What is the value of the relevant t-statistic?


Definitions:

Organizational Capacity Building

The process of developing and strengthening the skills, instincts, abilities, processes, and resources that organizations and communities need to survive, adapt, and thrive in a fast-changing world.

Development

The process of growth, progress, or improvement in various contexts such as economic, social, personal, or technological areas.

Cost-Per-Dollar-Raised Ratio

A metric used in fundraising and nonprofit management that measures the cost of raising one dollar of donations.

Fund-Raising Effort

Initiatives or activities aimed at collecting funds for supporting a cause, project, or organization, often involving appeals to potential donors.

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