SCENARIO 14-15
The superintendent of a school district wanted to predict the percentage of students passing a sixthgrade proficiency test. She obtained the data on percentage of students passing the proficiency test (% Passing), mean teacher salary in thousands of dollars (Salaries), and instructional spending per pupil in thousands of dollars (Spending) of 47 schools in the state.
Following is the multiple regression output with Y = % Passing as the dependent variable, X1 = Salaries and X 2 = Spending:
-Referring to Scenario 14-15,the null hypothesis should be rejected at a 5% level of significance when testing whether mean teacher salary has any effect on percentage of students passing the proficiency test,considering the effect of instructional spending per pupil.
Definitions:
Franchise
A business model that allows individuals or entities to operate a branch of a larger company, using its brand, systems, and support in exchange for fees or royalties.
Entirely New Firm
A start-up or business entity that has been freshly established, having no prior existence.
Two-Income Households
Households in which two adults generate income through employment, contributing to the family's total earnings.
Entrepreneurship
The act of launching, managing, and developing a business venture in order to gain profit by taking on financial risks in the corporate world.
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