Below You Are Given a Partial Computer Output from a Multiple

question 38

Multiple Choice

Below you are given a partial computer output from a multiple regression analysis based on a sample of 16 observations. ​ The interpretation of the coefficient of x₁ is that

• A) a one unit change in x₁ will lead to a 7.682 unit decrease in y.
• B) a one unit increase in x₁ will lead to a 7.682 unit decrease in y when all other variables are held constant.
• C) a one unit increase in x₁ will lead to a 7.682 unit decrease in x₂ when all other variables are held constant.
• D) The unit of measurement for y is required to interpret the coefficient.

---

Definitions:

Accounts Payable

Short-term liabilities a company owes to its creditors for goods and services purchased on credit.

Correcting Entry

An accounting entry made to amend errors found in the financial statements after they have been finalized.

Balance Incorrectly

An error condition where the totals of the debit and credit sides of an account (or the entire accounting ledger) do not match.

Trial Balance Preparation

The process of summarizing all the financial transactions in a company's general ledger accounts to ensure debits equal credits.