SCENARIO 14-5 a Microeconomist Wants to Determine How Corporate Sales

question 184

Multiple Choice

SCENARIO 14-5 A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies.She proceeds to randomly select 26 large corporations and record information in millions of dollars.The Microsoft Excel output below shows results of this multiple regression.
-Referring to Scenario 14-5, when the microeconomist used a simple linear regression model with sales as the dependent variable and wages as the independent variable, she obtained an value of 0.601.What additional percentage of the total variation of sales has been explained by including capital spending in the multiple regression?

• A)60.1%
• B)31.1%
• C)22.9%
• D)8.8%

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Definitions:

Paid Labour Force

Individuals who work for a salary or wages, contributing to economic production or services in exchange for financial compensation.

Theoretical Perspective

A conceptual framework used to analyze and explain phenomena, guiding how data is collected and interpreted.

Gender

A social construct that involves the roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Hegemonic Masculinity

The dominant form of masculinity that is culturally emphasized and valued, often at the expense of subordinating other genders and masculinities.