Instruction 13.31 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 51

Multiple Choice

Instruction 13.31
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.31,what is the p-value for testing whether Wages have a positive impact on corporate sales?

• A) 0.0001
• B) 0.05
• C) 0.00005
• D) 0.01

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Definitions:

Accounts Receivable

Outstanding payments from customers to a firm for delivered goods or services awaiting payment.

Service Revenue

Represents the income earned by a company from its business activities, such as the sale of services, before any expenses are deducted.

Fair Market Value

The price at which an asset would trade in a competitive auction setting.

Sam, Capital

An account representing the owner's (Sam's) equity or ownership interest in a business.