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SCENARIO 13-15
The superintendent of a school district wanted to predict the percentage of students passing a sixth- grade proficiency test.She obtained the data on percentage of students passing the proficiency test (% Passing), mean teacher salary in thousands of dollars (Salaries), and instructional spending per pupil in thousands of dollars (Spending) of 47 schools in the state.
Following is the multiple regression output with Y = % Passing as the dependent variable,
X1 =
Salaries and
X 2 = Spending:
-Referring to SCENARIO 13-15, you can conclude definitively that mean teacher salary individually has no impact on the mean percentage of students passing the proficiency test, considering the effect of instructional spending per pupil, at a 1% level of significance based solely on but not actually computing the 99% confidence interval estimate for 1 .
Cash
Physical money, such as coins and bills, or balances in checking or savings accounts, available for use immediately.
Differential Analysis
A decision-making process that focuses on the costs and benefits that change between decision alternatives.
Differential Costs
The difference in cost between two alternative decisions, or changes in cost that result from choosing one option over another.
Equipment Replacement
The process of buying new equipment to replace old or outdated machinery to maintain or improve operational efficiency.
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