Exhibit 15-1 In a Regression Model Involving 44 Observations, the Following Estimated

question 56

Multiple Choice

Exhibit 15-1
In a regression model involving 44 observations, the following estimated regression equation was obtained. For this model SSR = 600 and SSE = 400.
-Refer to Exhibit 15-1. The computed F statistics for testing the significance of the above model is

• A)1.500
• B)20.00
• C)0.600
• D)0.6667

---

Definitions:

Variable Budget

A budget that adjusts to changes in the level of activity, providing a more realistic financial forecast than a static budget.