The Editors of a National Automotive Magazine Recently Studied 30

question 71

Multiple Choice

The editors of a national automotive magazine recently studied 30 different automobiles sold in the United States with the intent of seeing whether they could develop a multiple regression model to explain the variation in highway miles per gallon.A number of different independent variables were collected.The following regression output (with some values missing) was recently presented to the editors by the magazine's analysts: Based on this output and your understanding of multiple regression analysis,which of the independent variables is not considered statistically significant if the test is conducted at the 0.05 level of statistical significance?

• A)All the variables in the model are statistically significant.
• B)None of the variables in the model is statistically significant.
• C)Torque and price as tested
• D)Cylinders,torque,and 0 to 60

---

Definitions:

Relative Worth

The value or importance of something in comparison to another.

Unions

Organizations that represent the interests of workers in specific industries or trades, often engaged in collective bargaining and rights advocacy.

National Cultural Differences

Variations in the customs, values, traditions, and social behaviors that exist between countries or cultures.

Global Strategy

A business approach that considers the entire world as a potential market and integrates operations and strategies across countries to achieve competitive advantage.