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

question 152

Multiple Choice

SCENARIO 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 for predicting starting salary (Y) using number of hours spent studying per day (X) for a sample of 51 students. NOTE: Only partial output is shown.


Note: 2.051 E - 05 = 2.051*1^0-5 and 5.944 E -18 = 5.944 *10 ^-18 .
-Referring to Scenario 13-8,what is the predicted value of GPA when ACT = 20?

• A)2.61
• B)2.66
• C)2.80
• D)3.12

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Adjustments

At the close of an accounting period, records are adjusted to attribute revenues and expenses to the timeframe in which they truly happened.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made, used as the basis for preparing financial statements.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.