Exhibit 16-1
in a Regression Analysis Involving 25 Observations, the Following

question 8

Multiple Choice

Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed. Also, the following standard errors and the sum of squares were obtained.
S_b1 = 3
S_b2 = 6
S_b3 = 7
SST = 4,800
SSE = 1,296
-Refer to Exhibit 16-1. If you want to determine whether or not the coefficients of the independent variables are significant, the critical value of t statistic at $\alpha$ = 0.05 is

• A)2.080
• B)2.060
• C)2.064
• D)1.96

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Definitions:

Material Culture

The objects associated with a cultural group, such as tools, machines, utensils, buildings, and artwork; any physical object to which we give social meaning.

Plastic Objects

Items made from polymer-based materials, versatile in use and present in various aspects of daily life, from packaging to household goods.

American Culture

A complex system characterized by a diverse mix of beliefs, customs, arts, and traditions shaped by the history and wide-ranging ethnic backgrounds of the United States.

Ethnocentrism

The principle of using one’s own culture as a means or standard by which to evaluate another group or individual, leading to the view that cultures other than one’s own are abnormal or inferior.