TABLE 14-5 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 134

Multiple Choice

TABLE 14-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
-Referring to Table 14-5, what is the p-value for testing whether Wages have a negative impact on corporate sales?

• A) 0.05
• B) 0.0001
• C) 0.00005
• D) 0.99995

Understand the conceptual basis of hypothesis testing, including null and alternative hypotheses.

Evaluate statistical evidence to make conclusions about population parameters based on sample data.

Understand the definition and purpose of hypothesis testing.

Distinguish between point estimates and interval estimates in hypothesis testing.

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Definitions:

Online Drug Distribution

Refers to the process of selling and distributing pharmaceuticals or drugs through the internet, often through online pharmacies or telemedicine platforms.

International Business

commercial transactions that occur across country borders, involving the exchange of goods, services, technology, and capital among nations.

Foreign Company

A business entity that is based in one country but operates and has a presence in other countries outside of its home country.

Foreign Direct Investment

An investment made by a company or individual in one country in business interests in another country, in the form of establishing business operations or acquiring business assets.