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

question 48

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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. 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, which of the following values for α is the smallest for which the regression model as a whole is significant? A)  0.00005 B)  0.001 C)  0.01 D)  0.05
-Referring to Table 14-5, which of the following values for α is the smallest for which the regression model as a whole is significant?


Definitions:

Cost Of Merchandise Sold

The cost that is reported as an expense when merchandise is sold.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the basic profitability of a company's core business activities.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management.

LIFO

"Last In, First Out," an inventory valuation method where the latest goods purchased are the first to be sold.

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