Figure:
Suppose You Regress the Number of Medals Won by Countries

question 17

Multiple Choice

Figure:
Suppose you regress the number of medals won by countries in the 1996,2000,2004,and 2008 Olympics on GDP Per Capita (Thousands) ,Population (Millions) ,and Olympic Year and that you get the results in Figure 6.1.

$\begin{array}{lc}\text { SUMMARY OUTPUT }\\\\\\\hline \text { Regression Statisties } & \\\hline \text { Multiple R } & 0.473932054 \\\text { R Square } & 0.224611592 \\\text { Adyasted R Square } & 0.218853757 \\\text { Standerd Error } & 14.85665558 \\\text { Observations } & 408 \\\hline\end{array}$


$\begin{array}{lccccc} \text { ANOVA }\\\hline & \text { ff } & S S & M S & F & \text { Sigejficance F } \\\hline \text { Regressice } & 3 & 25830.70959 & 8610.236529 & 39.00973242 & 3.69997 E-22 \\\text { Residual } & 404 & 89170.96688 & 220.7202151 & \\\text { Total } & 407 & 115001.6765 & & \\\hline\end{array}$

$\begin{array}{lcccccc}\hline & \text { Coefficients } & \text { Standand Error } & \text { t Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & 385.4384477 & 338.9966744 & 1.136997725 & 0.25621316 & -280.9792491 & 1051.856144 \\\text { GDP Per Capita (Thousands) } & 0.28651666 & 0.046941033 & 6.103756974 & 2.4315 \mathrm{E}-09 & 0.194237479 & 0.37879584 \\\text { Popplasion (Milions) } & 0.041979674 & 0.00443387 & 9.467954334 & 2.42102 \mathrm{E}-19 & 0.033263338 & 0.050696011 \\\text { Year } & -0.191084928 & 0.169402339 & -1.127994491 & 0.259991678 & -0.524105098 & 0.141935242 \\\hline\end{array}$

$\text { Figure } 6.1$
-Based on the estimates in Figure 6.1,you should conclude that,holding all other independent variables constant,Olympic Year is estimated to have

• A)a statistically significant positive effect on Total Medals Won because -1.128 < .05.
• B)a statistically insignificant positive effect on Total Medals Won because |-1.128| > .05.
• C)a statistically significant positive effect on Total Medals Won because |-1.128| < 1.96.
• D)a statistically insignificant positive effect on Total Medals Won because |-1.128| < 1.96.

Understand how factory labor costs and other direct costs are presented and accounted for.

Recognize the flexibility of process costing in accommodating various types of labor costs including direct and indirect labor.

Understand the distinction between financial and nonfinancial rewards and their impacts on life satisfaction.

recognize the diverse approaches to achieving healthy spirituality and its benefits.

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Definitions:

Freed Slaves

Individuals who were emancipated from slavery, either through legal means, such as the abolition of slavery, or through escape.

Federal Government

The national government of a federation which has specific responsibilities defined by a constitution, distinct from regional or state governments within the federation.

Confederate Congressional Elections

Elections held within the Confederate States of America during the Civil War to elect representatives to their Congress, reflecting the political dynamics and nationalism of the Confederacy.

Public Confidence

refers to the trust and belief the general public has in the ability of an organization, institution, or government to perform its duties effectively and ethically.