TABLE 13-9
It Is Believed That, the Average Numbers of Hours

question 118

Multiple Choice

TABLE 13-9
It is believed that, the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY, measured in thousands of dollars per month) after graduation. Given below is the Excel output from regressing starting salary on number of hours spent studying per day for a sample of 51 students. NOTE: Some of the numbers in the output are purposely erased.
$$\begin{array}{l}\text { Regression Stedistics }\\\begin{array} { l c } \hline \text { Multiple R } & 0.8857 \\\text { R Square } & 0.7845 \\ \text { Adjusted R Square } & 0.7801 \\\text { Standard Error } & 1.3704 \\\text { Observations } & 51\end{array}\end{array}$$ $\text { ANOVA }$
$\begin{array}{lccrcc}\hline & d f & S S &{M S} & F & \text { Significance } F \\\hline \text { Regression } & 1 & 335.0472 & 335.0473 & 178.3859 \\\text { Residual } & & & 1.8782 & \\\text { Total } & 50 & 427.0798 & &\end{array}$ $$\begin{array} { l r c c c r r } & \text { Coefficients } & \text { Standard Enror } & t \text { Stat } & { p \text {-value } } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & - 1.8940 & 0.4018 & - 4.7134 & 2.051 \mathrm { E } - 05 & - 2.7015 & - 1.0865 \\\text { Hours } & 0.9795 & 0.0733 & 13.3561 & 5.944 \mathrm { E } - 18 & 0.8321 & 1.1269 \\\hline\end{array}$$ $$\begin{array} { l r r r r r r } \end{array}$$
-Referring to Table 13-9, the error sum of squares (SSE) of the above regression is

• A) 1.878215.
• B) 335.047257.
• C) 92.0325465.
• D) 427.079804.

Understand the prohibitions and limitations of cost flow assumptions under International Financial Reporting Standards (IFRS).

Evaluate the impact of cost flow assumptions on financial statements.

Calculate the cost of ending inventory using different inventory costing methods.

Describe the effects of purchasing terms (FOB destination) on inventory accounting.

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An economic philosophy of free-market capitalism that opposes government intervention.

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Describes the strategies, techniques, and approaches parents use to raise their children, including aspects like discipline, communication, nurturing, and expectations.