The Following Multiple Regression Output Was Generated from a Study

question 113

Multiple Choice

The following multiple regression output was generated from a study in which two independent variables are included.The first independent variable (X1) is a quantitative variable measured on a continuous scale.The second variable (X2) is qualitative coded 0 if Yes,1 if No. Based on this information,which of the following statements is true?

• A)The model explains nearly 63 percent of the variation in the dependent variable
• B)If tested at the 0.05 significance level,the overall model would be considered statistically significant.
• C)The variable X1 has a slope coefficient that is significantly different from zero if tested at the 0.05 level of significance.
• D)All of the above are true.

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Definitions:

Physical Inventory

Physical inventory refers to the process of counting all the physical merchandise or stock in a store or warehouse to ensure data accuracy.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time.

Actual Amount

Refers to the real, exact amount of financial transactions, differing from estimates or budgeted amounts.

Periodic Inventory System

An inventory accounting system where physical inventory counts are conducted at specific intervals to determine the cost of goods sold.