SCENARIO 13-7
the Department Head of the Accounting Department Wanted

question 164

Short Answer

SCENARIO 13-7
The department head of the accounting department wanted to see if she could predict the GPA of students using the number of course units and total SAT scores of each.She takes a sample of 6 students and generates the following Microsoft Excel output: SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.916 \\ \text { R Square } & 0.839 \\ \text { Adjusted R Square } & 0.732 \\ \text { Standard Error } & 0.24685 \\ \text { Observations } & 6 \end{array}$

ANOVA
$\begin{array} { l r c c r c } & d f & \text { SS } & \text { MS } & F & \text { Signif } F \\ \text { Regression } & 2 & 0.95219 & 0.47610 & 7.813 & 0.0646 \\ \text { Residual } & 3 & 0.18281 & 0.06094 & & \\ \text { Total } & 5 & 1.13500 & & & \end{array}$

$\begin{array} { l c r c c } & \text { Coeff } & \text { StdError } & t \text { Stat } & P \text {-value } \\ \text { Intercept } & 4.593897 & 1.13374542 & 4.052 & 0.0271 \\ \text { Units } & - 0.247270 & 0.06268485 & - 3.945 & 0.0290 \\ \text { Total SAT } & 0.001443 & 0.00101241 & 1.425 & 0.2494 \end{array}$
-Referring to SCENARIO 13-7, the department head wants to use a t test to test for the significance of the coefficient of X1.The p-value of the test is .

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Definitions:

Depositary Bank

The first bank to which an item is transferred for collection; the depositary bank may also be the payor bank.

Collection

The process of pursuing payments of debts owed by individuals or businesses, often conducted by creditors or agencies specialized in debt recovery.

Stop Payment Order

A request made to a bank to not process or cancel the payment of a check or transaction previously authorized.

Payor Bank

A bank by which an item is payable as drawn or accepted. It includes a drawee bank.