Golf Handicaps Are Used to Allow Players of Differing Abilities

question 128

Multiple Choice

Golf handicaps are used to allow players of differing abilities to play against one another in a fair match.Recently a sample of golfers was selected in an effort to develop a model for explaining the difference in handicaps.One independent variable of interest is the number of rounds played per year.Another is whether or not the player is using an "original" name brand club or a copy.In recent years,a number of smaller golf club manufacturers have attempted to copy major golf club designs and sell "copies" of original clubs such as the Big Bertha by Calloway.The resulting regression analysis containing both Rounds Played and a Dummy variable for Club Used is shown as follows: Given this information,which of the following statements is not correct?

• A)The overall regression model is insignificant at the alpha = .05 level.
• B)The Club Dummy variable is statistically significant in the model meaning that knowing that a player used an original club or copy is of value in knowing the player's handicap.
• C)The two independent variables do not explain a statistically significant portion of the variation in golf handicap.
• D)All of the above are not correct.

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Definitions:

Total Revenue

A financial measure defining the income generated from business activities or operations without deducting expenses.

Price Rationing

The allocation of goods among consumers using prices, where the goods go to those willing to pay the highest price, often used when demand exceeds supply.

Able

Generally refers to having the capacity, skill, or qualifications to perform an action or task.

Pay

The compensation received by an employee from an employer in exchange for work performed, typically provided as wages or salary.