A Manager at a Local Bank Analyzed the Relationship Between

question 54

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months) ,gender (0 = female,1 = male) ,and job type (0 = clerical,1 = technical) . The following ANOVA summarizes the regression results: Based on the ANOVA and a 0.05 significance level,the global null hypothesis test of the multiple regression model ________.

• A)will be rejected and conclude that monthly salary is related to all of the independent variables
• B)will be rejected and conclude that monthly salary is related to at least one of the independent variables
• C)will not be rejected
• D)will show a high multiple coefficient of determination

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Definitions:

CVP Analysis

Cost-Volume-Profit Analysis, a tool that helps managers understand the relationship between cost, volume, and profit by identifying the break-even point or targeted profit output.

Breakeven Chart

A graphical representation that shows when total cost and total revenue are expected to be equal, indicating no net loss or gain.

Cost-Volume-Profit

Analysis that examines the effects of changes in costs and volume on a company's profit.

High-Low Method

An accounting technique used to estimate the fixed and variable costs associated with producing goods or services by analyzing the highest and lowest levels of activity.