TABLE 14-15 the Superintendent of a School District Wanted to Predict the Predict

question 122

True/False

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 H₀: = β₁ = β₂ = β₃ = 0 implies that percentage of students passing the proficiency test is not affected by any of the explanatory variables.

Identify the role of activity bases in allocating costs in an organization.

Grasp how responsibility accounting impacts the control and management of business operations.

Comprehend the principles and methods for allocating operating expenses and service department charges.

Recognize the difference between direct and indirect expenses for department stores.

---

Definitions:

Choose

A term often associated with selecting options or making decisions from a set of alternatives.

Risk

The potential for loss or an undesirable outcome, often assessed in the context of investments or decision-making.

Portfolio

An array of fiscal investments encompassing stock shares, bond notes, commodities, spendable cash, and assets comparable to cash, plus mutual funds and ETFs.

Portfolio Expected Return

The weighted average of the expected returns on the assets included in a portfolio, representing the overall expected profit or loss.