TABLE 13-9 It Is Believed That, the Average Numbers of Hours Spent

question 78

Multiple Choice

TABLE 13-9
It is believed that, the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY, measured in thousands of dollars per month) after graduation. Given below is the Excel output for predicting starting salary (Y) using number of hours spent studying per day (X) for a sample of 51 students. NOTE: Only partial output is shown.

Note: 2.051E - 05 = 2.051*10⁻⁰⁵ and 5.944E - 18 = 5.944*10⁻¹⁸.
-Referring to Table 13-9, the value of the measured t test statistic to test whether mean SALARY depends linearly on HOURS is

• A) -4.7134.
• B) -1.8940.
• C) 0.9795.
• D) 13.3561.

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Definitions:

Resource Quality

Pertains to the caliber or grade of resources, affecting their efficiency and utility in production processes.

Capital

Refers to the wealth in the form of money or assets owned by an individual or organization that is available for investment or production purposes.

Physical Capital

Physical Capital constitutes the physical assets like machinery, buildings, and equipment that contribute to the production process in an economy.

University Graduate

An individual who has completed a course of study at a university, earning a degree or diploma.