SCENARIO 12-9
It Is Believed That, the Average Numbers of Hours

question 37

Short Answer

SCENARIO 12-9
It is believed that, the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY, measured in thousands of dollars per month) after graduation.Given below is the Excel output for predicting starting salary (Y) using number of hours spent studying per day (X) for a sample of 51 students.NOTE: Only partial output is shown. $\begin{array}{lr}{\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.8857 \\\text { R Square } & 0.7845 \\\text { Adjusted R Square } & 0.7801 \\\text { Standard Error } & 1.3704 \\\text { Observations } & 51 \\\hline\end{array}$
ANOVA
$\begin{array}{lrrrrr} & d f & S S & M S & F & \text { Significance F } \\\hline \text { Regression } & 1 & 335.0472 & 335.0473 & 178.3859 \\\text { Residual } & & & 1.8782 & \\\text { Total } & 50 & 427.0798 & &\end{array}$

$\begin{array}{lrrrrrrr} & \text { Coefficients } & \text { standered Error } & \text { tStat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & -1.8940 & 0.4018 & -4.7134 & 0.0000 & -2.7015 & -1.0865 \\\text { Hours } & 0.9795 & 0.0733 & 13.3561 & 0.0000 & 0.8321 & 1.1269\end{array}$ Note: 2.051E - 05 = 2.051 *10-05 and 5.944 E - 18 = 5.944 *10-18 .
-Referring to Scenario 12-9, the p-value of the measured F-test statistic to test whether HOURSaffects SALARY is .

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