TABLE 13-8 It Is Believed That GPA (Grade Point Average, Based on Based

question 164

Multiple Choice

TABLE 13-8
It is believed that GPA (grade point average, based on a four point scale) should have a positive linear relationship with ACT scores. Given below is the Excel output for predicting GPA using ACT scores based a data set of 8 randomly chosen students from a Big-Ten university.

-Referring to Table 13-8, what are the decision and conclusion on testing whether there is any linear relationship at 1% level of significance between GPA and ACT scores?

• A) Do not reject the null hypothesis; hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• B) Reject the null hypothesis; hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• C) Do not reject the null hypothesis; hence there is sufficient evidence to show that ACT scores and GPA are linearly related.
• D) Reject the null hypothesis; hence there is sufficient evidence to show that ACT scores and GPA are linearly related.

Understand how to assess a competitor's risk and cash flow through analysis of strategic elements.

Identify various resources and their usefulness in assessing competitors' strategic positions.

Learn the sequential steps essential in conducting an effective competitor analysis.

Understand the differences between making assessments and predictions in competitor analysis.

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