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 negative impact on corporate sales?
Definitions:
Total Cost Ratio
Represents the sum of all costs (fixed and variable) associated with production, expressed as a ratio over a specific period.
Elasticity
An economic measure of the responsiveness of the quantity demanded or supplied of a good or service to changes in its price or consumer income.
Unit Wages
The cost of labor per unit of output, measuring how much is paid in wages for the production of one unit of a good or service.
Employed Workers
Individuals actively engaged in a job or business who are receiving compensation for their labor.
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Q200: Referring to Instruction 13.22,the alternative hypothesis H<sub>1</sub>: