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

question 109

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, when the microeconomist used a simple linear regression model with sales as the dependent variable and wages as the independent variable, she obtained an r² value of 0.601. What additional percentage of the total variation of sales has been explained by including capital spending in the multiple regression?

• A) 60.1%
• B) 31.1%
• C) 22.9%
• D) 8.8%

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Definitions:

Negative In-group

Groups characterized by shared disapproval or rejection of mainstream values or norms, often forming around oppositional identities.

Conflict Theory

A sociological perspective that views social issues as outcomes of conflicts between competing interests or groups.

Symbolic Interactionism

A theoretical framework in sociology that emphasizes the role of symbols and language as core elements of all human interaction.

Internalization

Refers to the process of adopting the norms, values, or beliefs of a group or society as one's own, often influencing behavior and attitudes.