SCENARIO 13-13 in This Era of Tough Economic Conditions,voters Increasingly Ask the Ask

question 127

Short Answer

SCENARIO 13-13
In this era of tough economic conditions,voters increasingly ask the question: "Is the educational achievement level of students dependent on the amount of money the state in which they reside spends on education?" The partial computer output below is the result of using spending per student ($)as the independent variable and composite score which is the sum of the math,science and reading scores as the dependent variable on 35 states that participated in a study.The table includes only partial results.

-Referring to Scenario 13-13,the decision on the test of whether composite score depends linearly on spending per student using a 10% level of significance is to _____ (reject or not reject)^H₀.

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Definitions:

Cost Savings

Reductions in expenditures achieved through methods such as negotiation, effciency improvements, or substitution.

Pretax Return

The profit earned by a business before the deduction of tax expenses.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Net Present Value

A calculation that determines the present value of a series of future cash flows, minus the initial investment, used to assess the profitability of investments.