Exhibit 15-6
Below You Are Given a Partial Excel Output $\beta$

question 91

Multiple Choice

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
-Refer to Exhibit 15-6. We want to test whether the parameter $\beta$ ₁ is significant. The test statistic equals

• A)-1.4
• B)1.4
• C)3.6

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Definitions:

Sales

The total amount of revenue generated from goods or services sold by a company.

Payroll Tax Expense

Taxes that are paid based on the salary and wages of employees, including social security, medicare, and federal and state unemployment taxes.

Social Security And Medicare Taxes

Mandatory payroll taxes collected from employers and employees in the United States to fund the Social Security and Medicare programs.

Salaries Expense

The total amount paid to employees for their services over a specific period, classified as an operating expense on the income statement.