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

question 18

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, to test the claim that SALARY depends positively on HOURS against the null hypothesis that SALARY does not depend linearly on HOURS, the p-value of the test statistic is ________.

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

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Definitions:

Foreign Currency Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specific amount of foreign currency at a set price within a specified time period.

U.S. GAAP

United States Generally Accepted Accounting Principles, a framework of accounting standards, guidelines, and procedures used in the United States.

Foreign Exchange Risk

The potential for financial losses due to changes in exchange rates affecting the value of foreign-currency-denominated assets and liabilities.

Foreign Exchange Gain

Foreign Exchange Gain arises when a currency transaction results in receiving or paying fewer units of the home currency than initially anticipated due to exchange rate movements.