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

question 116

Short Answer

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 13-9,to test the claim that SALARY depends positively on HOURS against the null hypothesis that SALARY does not depend linearly on HOURS,the p-value of the test statistic is .

---

Definitions:

Marginal Product

The additional output produced as a result of using one more unit of a variable input, like labor or capital.

Automatic Elevator Equipment

Systems and machinery used in elevators that allow them to operate without manual control by an operator.

Elevator Operators

Individuals tasked with managing and operating elevators, ensuring safe and efficient transportation of passengers between different floors of a building.

Average Cost

The total cost of production divided by the number of goods produced, representing the average expense per unit of output.