Instruction 13 ANOVA Note: Adj R Square = Adjusted R Square; Std

question 173

Multiple Choice

Instruction 13.3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index) . The Microsoft Excel output of this regression is partially reproduced below.
OUTPUT
SUMMARY
Regression Statistics
$\begin{array} { l l } \text { MultipleR } & 0.991 \\ \text { R Square } & 0.982 \\ \text { Adj. R Square } & 0.976 \\ \text { Std. Error } & 0.299 \\ \text { Observations } & 10 \end{array}$
ANOVA
$\begin{array} { l l l l l l } & d f & \text { SS } & \text { MS } & F & \text { Signif F } \\ \text { Regression } & 2 & 33.4163 & 16.7082 & 186.325 & 0.0001 \\ \text { Residual } & 7 & 0.6277 & 0.0897 & & \\ \text { Total } & 9 & 34.0440 & & & \\ & & & & & \\ & \text { Coeff } & \text { StdError } & t \text { Stat } & p \text { value } & \\ \text { Intercept } & - 1.6335 & 0.5674 & - 0.152 & 0.8837 & \\ \text { GDP } & 0.7654 & 0.0574 & 13.340 & 0.0001 & \\ \text { Price } & - 0.0006 & 0.0028 & - 0.219 & 0.8330 & \end{array}$ Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.3,what is the estimated average consumption level for an economy with GDP equal to $4 billion and an aggregate price index of 150?

• A) $1.39 billion.
• B) $2.89 billion.
• C) $4.75 billion.
• D) $9.45 billion.

Understand the impact of attitudes and personality traits, such as pessimism, optimism, and hardiness, on health outcomes.

Recognize the role of stress, its definitions, and responses in health and well-being.

Identify coping strategies and their effectiveness, including emotion-focused and problem-focused strategies.

Describe the process and stages of adapting to stress and traumatic events.

---

Definitions:

Test-retest Reliability

The consistency of a test's results when administered to the same individuals at different points in time.

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests, where most scores are near the average and few are very high or very low.

Raw Scores

The original, unmodified scores obtained directly from a test or assessment before any adjustments or conversions are applied.

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests where most occurrences take place in the middle of the distribution.