SCENARIO 13-5
a Microeconomist Wants to Determine How Corporate Sales

question 87

Multiple Choice

SCENARIO 13-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies.She proceeds to randomly select 26 large corporations and record information in millions of dollars.The Microsoft Excel output below shows results of this multiple regression. SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.830 \\ \text { R Square } & 0.689 \\ \text { Adjusted R Square } & 0.662 \\ \text { Standard Error } & 17501.643 \\ \text { Observations } & 26 \end{array}$
ANOVA
$\begin{array} { l r c c c c } & d f & \text { SS } & \text { MS } & F & \text { Signif } F \\ \text { Regression } & 2 & 15579777040 & 7789888520 & 25.432 & 0.0001 \\ \text { Residual } & 23 & 7045072780 & 306307512 & & \\ \text { Total } & 25 & 22624849820 & & & \end{array}$


$\begin{array}{lrrrr} & \text { Coeff } & \text { StdError } & t \text { Stat } & \text { P-value } \\\text { Intercept } & 15800.0000 & 6038.2999 & 2.617 & 0.0154 \\\text { Capital } & 0.1245 & 0.2045 & 0.609 & 0.5485 \\\text { Wages } & 7.0762 & 1.4729 & 4.804 & 0.0001\end{array}$

-Referring to SCENARIO 13-5, what is the p-value for testing whether Wages have a negative impact on corporate sales?

• A)0.05
• B)0.0001
• C)0.00005
• D)0.99995

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Definitions:

Impression Management

is a process in which individuals attempt to influence the perceptions of others about a person, an object, or an event by regulating and controlling information in social interactions.

Behavior Display

The observable expression of emotions, intentions, or social status through physical actions or reactions.

Stereotype Performance

The act of behaving in a manner that is consistent with commonly held stereotypes about a particular group or identity.

Traditional Gender Roles

Traditional gender roles refer to the set of societal norms dictating what behaviors are generally considered appropriate, acceptable, and desirable based on one's perceived or actual sex or gender.