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:

Union

A structured group of employees created to safeguard and advance their rights and benefits.

Construction Industry

A sector of the economy that is focused on the construction, maintenance, and repair of structures such as buildings, roads, and bridges.

Paid Union Organizers

Individuals employed or appointed by labor unions to organize workers, manage union campaigns, or conduct negotiations with employers.

Outside Consultants

Experts hired from outside an organization to provide specialized advice or services, often in areas such as management, strategy, or labor relations.