Instruction 13.35 the Education Department's Regional Executive Officer Wanted to Predict the Predict

question 248

Essay

Instruction 13.35
The education department's regional executive officer wanted to predict the percentage of students passing a Grade 6 proficiency test. She obtained the data on percentage of students passing the proficiency test (% Passing), daily average of the percentage of students attending class (% Attendance), average teacher salary in dollars (Salaries) and instructional spending per pupil in dollars (Spending) of 47 schools in the state.
Following is the multiple regression output with Y = % Passing as the dependent variable, X₁ = % Attendance, X₂ = Salaries and X₃ = Spending:

-Referring to Instruction 13.35,what are the lower and upper limits of the 95% confidence interval estimate for the effect of a one dollar increase in instructional spending per pupil on the mean percentage of students passing the proficiency test?

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Definitions:

Sales Transaction

An exchange involving the selling of goods or services from a seller to a buyer for a payment.

Revenue Recognition

Revenue recognition is the accounting principle dictating the specific conditions under which revenue is recognized and recorded, ensuring it accurately reflects business transactions.

Consignment-in

Goods held for sale by one party although ownership is retained by another party.

Commissions Earned

Income received by salespersons, brokers, or agents based on sales or transactions completed.