SCENARIO 13-9 It Is Believed That, the Average Numbers of Hours Spent

question 113

Multiple Choice

SCENARIO 13-9
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.


Note: 2.051 E - 05 = 2.051*1^0-5 and 5.944 E -18 = 5.944 *10 ^-18 .
-Referring to Scenario 13-8,what are the decision and conclusion on testing whether there is any linear relationship at 1% level of significance between GPA and ACT scores?

• A)Do not reject the null hypothesis;hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• B)Reject the null hypothesis;hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• C)Do not reject the null hypothesis;hence there is sufficient evidence to show that ACT scores and GPA are linearly related.
• D)Reject the null hypothesis;hence there is sufficient evidence to show that ACT scores and GPA are linearly related.

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Definitions:

Knowledge Providers

Individuals or entities that offer expert information or insights in specific areas, often to facilitate learning or decision-making.

Bureaucratic Control

The use of rules, procedures, and formal structures to manage an organization and control its activities.

Profitability

The extent to which a company or action generates income or economic benefit.

Market Share

The portion of a market controlled by a particular company, measured by the proportion of sales that company enjoys compared to total industry sales.