Consider the Partially Completed ANOVA Table Showing the Results of a Regression

question 53

Multiple Choice

Consider the partially completed ANOVA table showing the results of a regression analysis shown.
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$\begin{array}{|lcrcl|}\hline \text { Source of } & {\text { Sum of }} & {\text { Mean }} & \\\text { variation } & \text { squares } & \text { df } & \text { squares } & \text { F-ratio } \\\text { Regression } & 305.1 & 1 & ? & ? \\\text { Residual } & 1247.3 & 24 & ? & \\\text { Total } & 1552.4 & 25 & & \\\hline\end{array}$
-If the slope is -1.64, the residual mean square is 3.6, the sum of squares for X is 2.5, and the sample size is 16, based on the t-test statistic using a hypothesized slope of 1.0, and using your table of critical t-values, which of the following P-value ranges matches the one for the t-value?

• A) P > 0.05
• B) 0.02 < P < 0.05
• C) 0.01 < P < 0.02
• D) P < 0.01

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Definitions:

Double-entry Bookkeeping

An accounting practice where every financial transaction is entered as both a debit in one account and an equivalent credit in another, ensuring the books are always balanced.

Revenues and Expenses

Financial terms referring to the income generated from business activities (revenues) and the costs incurred (expenses) during a specified period.

Single-entry System

An accounting method where each transaction is recorded with a single entry to the financial records.

Double-entry Bookkeeping

An accounting method where every entry to an account requires a corresponding and opposite entry to a different account.