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In Order to Examine If There Is a Relationship Between $= - 4877 + 0.245$

question 6

Multiple Choice

In order to examine if there is a relationship between the size of cash bonuses and
Pay scale, data were obtained on the average annual cash bonus and the average annual
Pay for a sample of 20 companies. Below is the regression analysis output with annual
Cash bonus as the dependent variable. Which of the following statement is true about the
Correlation between average annual cash bonus and average annual pay using
? = 0.05?
Regression Analysis: Cash Bonus versus Pay The regression equation is
Cash Bonus $= - 4877 + 0.245$ Pay

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & - 4877 & 9106 & - 0.54 & 0.599 \\ \text { Pay } & 0.2453 & 0.1079 & 2.27 & 0.036 \end{array}$

$S = 13188.6 \quad \mathrm { R } - \mathrm { Sq } = 22.3 \%$

Recognize factors that contribute to budget acceptance.

Identify strategies for managing performance, including the creation and impact of budgetary slack.

Understand how budgeting is used to evaluate performance and provide incentives.

Calculate and analyze budgeted figures in practical scenarios.

Definitions:

Circulating Fluid

A liquid that flows or moves continuously in a system or body, such as blood in the cardiovascular system.

Blood Vessels

Tubular structures carrying blood through the tissues and organs; a vital part of the circulatory system.

Schedule II

A classification of drugs considered to have a high potential for abuse but also legitimate medical use.

Controlled Substance

a drug or chemical whose manufacture, possession, or use is regulated by government due to its potential for abuse or addiction.

In Order to Examine If There Is a Relationship Between =−4877+0.245= - 4877 + 0.245=−4877+0.245

Definitions:

In Order to Examine If There Is a Relationship Between $= - 4877 + 0.245$