SCENARIO 12-6
the Following Excel Tables Are Obtained When "Score

question 86

Multiple Choice

SCENARIO 12-6
The following Excel tables are obtained when "Score received on an exam (measured in percentage points) " (Y) is regressed on "percentage attendance" (X) for 22 students in a Statistics for Business and Economics course. $$\begin{array}{l}\begin{array} { l r } \hline { \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.142620229 \\\text { R Square } & 0.02034053 \\\text { Standard Error } & 20.25979924 \\\text { Observations } & 22 \\\hline\end{array}\\\begin{array} { l r r r l } \hline & \text { Coefficients } & \text { Standard Error } & \text { T Stat } & \text { P-value } \\\hline \text { Intercept } & 39.39027309 & 37.24347659 & 1.057642216 & 0.302826622 \\\text { Attendance } & 0.340583573 & 0.52852452 & 0.644404489 & 0.526635689 \\\hline\end{array}\end{array}$$
-Referring to Scenario 12-6, which of the following statements is true?

• A)If attendance increases by 0.341%, the estimated mean score received will increase by 1 percentage point.
• B)If attendance increases by 1%, the estimated mean score received will increase by 39.39 percentage points.
• C)If attendance increases by 1%, the estimated mean score received will increase by 0.341 percentage points.
• D)If the score received increases by 39.39%, the estimated mean attendance will go up by 1%.

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Job Evaluation

A systematic process used to determine the relative worth or value of a job in comparison to other jobs within an organization.

Market Surveying

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors.

Skill Level

The degree of competence or expertise required to perform a job effectively, often determined by education, training, and experience.

Total Compensation Costs

The complete range of costs incurred by an employer to provide wages, salaries, and all other employee benefits and perks.