A Regression Analysis Involved 2 Independent Variables and 27 Observations

question 49

Multiple Choice

A regression analysis involved 2 independent variables and 27 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have _____ degrees of freedom.

• A) 27
• B) 26
• C) 24
• D) 25

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Definitions:

Consent Restraint

A security transfer restriction requiring a shareholder to obtain the consent of the corporation or its shareholders prior to the shareholder’s sale of her shares.

Option Agreement

A share transfer restriction granting a corporation or its shareholders an option to buy a selling shareholder’s shares at a price determined by the agreement.

Buy-and-Sell Agreement

a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.