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

question 80

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 90% confidence interval for the average change in SALARY (in thousands of dollars) as a result of spending an extra hour per day studying is

• A) wider than [-2.70159, -1.08654].
• B) narrower than [-2.70159, -1.08654].
• C) wider than [0.8321927, 1.12697].
• D) narrower than [0.8321927, 1.12697].

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Definitions:

Financial Reports

Formal records of the financial activities and position of a business, individual, or other entity.

Comparability

A quality that enables users to identify similarities and differences between two or more items of financial information.

Financial Reports

Detailed statements that provide information on a company's financial performance and position over a specific period.

Stockholders' Equity

The interest left in a corporation's assets, after removing its obligations, which indicates the ownership share.