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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 1% level of significance based solely on the 95% confidence interval estimate for ?2
Exchange Rate
The price of one currency in terms of another currency.
Net Exports
The value of a country's total exports minus its total imports, representing the net amount of goods and services traded with other countries.
Open-Economy Macroeconomic Model
A model that analyzes an economy that is engaged in international trade and investment flows.
Domestic Investment
The total amount of money invested in the resources within a country's borders, including but not limited to businesses, infrastructure, and technology.
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