TABLE 12-9 It Is Believed That, the Average Numbers of Hours Spent

question 43

Multiple Choice

TABLE 12-9
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 Microsoft 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 * 10-0.5 and 5.944E-18 = 5.944 * 10-18.
-Referring to Table 12-9, the p-value of the measured F test statistic to test whether HOURS affects SALARY is ________.

• A) (5.944E-18)/2
• B) 5.944E-18
• C) (2.051E-05)/2
• D) 2.051E-05

---

Definitions:

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), representing the value of all goods and services produced over a specific period at constant prices.

Liquidity Preference Theory

Liquidity Preference Theory is a concept in Keynesian economics proposing that individuals prefer to hold their wealth in liquid form for convenience and security, influencing interest rates and economic activity.

Price Level

An index that measures the average of current prices across the entire spectrum of goods and services produced in the economy.