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TABLE 14-15
The superintendent of a school district wanted to predict the percentage of students passing a sixth-grade proficiency test. She obtained the data on percentage of students passing the proficiency test (% Passing), daily mean of the percentage of students attending class (% Attendance), mean teacher salary in dollars (Salaries), and instructional spending per pupil in dollars (Spending) of 47 schools in the state.
Following is the multiple regression output with Y = % Passing as the dependent variable, X₁ = % Attendance, X₂= Salaries and X₃= Spending:
-Referring to Table 14-15, the null hypothesis should be rejected at a 5% level of significance when testing whether instructional spending per pupil has any effect on percentage of students passing the proficiency test, taking into account the effect of all the other independent variables.
Excess Supply
A situation where the quantity of a good or service provided is more than the quantity demanded at a given price.
Interest Rate
The cost, presented as a percentage of the principal amount, incurred by a borrower from a lender for asset use.
Interest-earning Assets
Financial assets that generate income through the payment of interest, such as savings accounts, bonds, and certificates of deposit.
Real GDP
The total value of all goods and services produced in a country in a year, adjusted for inflation.
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