For Many Countries Tourism Is an Important Source of Revenue $( \$$

question 13

Multiple Choice

For many countries tourism is an important source of revenue. Data are collected
On the number of foreign visitors to a country (in millions) and total tourism revenue (in
Billions of dollars) for a sample of 10 countries. Below is the regression analysis output
With tourism revenue as the dependent variable. The standard error of the slope for this
Estimated regression equation is Regression Analysis: Tourism (\$ bill) versus Visitors (mill)
The regression equation is
Tourism $( \$$ bill $) = 21.5 + 0.295$ visitors $( m i l 1 )$

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 21.464 & 3.462 & & \\ \text { Visitors (mill) } & 0.29497 & 0.07917 & & \end{array}$

$S = 2.58307 \quad \mathrm { R } - \mathrm { Sq } = 63.4 \%$

• A) 2.58307
• B) 3.462
• C) 0.07917
• D) 6.672
• E) 0.29497

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Definitions:

Retained Earnings

Accumulated profits of a company that are not distributed to shareholders as dividends but are reinvested in the business or held as reserves.

Retained Earnings Account

An equity account that represents the accumulated profits of a company that have not been distributed to shareholders as dividends.

Income Statement Account

An income statement account is a financial account that reflects income, expenses, gains, and losses over a period, used to calculate net income.

Stock Dividend

A distribution of additional shares of a company to its shareholders instead of paying cash dividends, often used to conserve cash while still rewarding investors.