TABLE 12-13 In This Era of Tough Economic Conditions, Voters Increasingly Ask

question 88

Short Answer

TABLE 12-13
In this era of tough economic conditions, voters increasingly ask the question: "Is the educational achievement level of students dependent on the amount of money the state in which they reside spends on education?" The partial computer output below is the result of using spending per student ($) as the independent variable and composite score, which is the sum of the math, science, and reading scores, as the dependent variable on 35 states that participated in a study. The table includes only partial results.

-Referring to Table 12-13, what percentage of the variation in composite score can be explained by the variation in spending per student?

---

Definitions:

Stockholders' Equity

Stockholders' Equity is the residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of shareholders.

Paid-in Capital

The total amount of money that shareholders have invested in a company through the purchase of its stock, not including the stock's par or face value.

Retained Earnings

Retained earnings are the portion of a company's profits that are kept or retained within the company for reinvestment in business operations, rather than being paid out as dividends to shareholders.

Retained Earnings

The portion of a company’s profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment.