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

question 4

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 13-9,the value of the measured t-test statistic to test whether mean SALARY depends linearly on HOURS is

• A)-4.7134
• B)-1.8940
• C)0.9795
• D)13.3561

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Definitions:

Indirect Costs

Expenses not directly tied to the production of a product or service, such as rent, utilities, and administrative salaries.

Cost Object

Any item for which a separate measurement of costs is desired, such as a product, service, project, or department.

Normalised Overhead Rate

A rate calculated to allocate overhead costs uniformly throughout the production process, adjusted for variations to ensure consistency over time.

Overhead Rate

A metric that allocates overhead costs to the units of production or other cost bases.