In a Regression Analysis Predicting Tourism Revenue ($Billion) Using Number

question 19

Multiple Choice

In a regression analysis predicting tourism revenue ($billion) using number of foreign visitors (million) , the P-value for the calculated test statistic is 0.006. At the 0.05
Level of significance we

• A) reject the null hypothesis.
• B) do not reject the null hypothesis.
• C) conclude that the number of foreign visitors is significant in explaining tourism
• Revenue.
• D) Both A and C.
• E) Both B and C.

---

Definitions:

Expected Present Value

Expected present value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Professional Contract

A legal agreement between a professional and an entity that outlines terms of employment or service provision.

Injury

Physical harm or damage to the body caused by external force, which may result from accidents, falls, hits, weapons, and other causes.

Marginal Utility

The change in total utility generated by consuming one additional unit of a good or service.