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Instruction 13-13
the Education Department's Regional Executive Officer Wanted to Predict

question 207

Short Answer

Instruction 13-13
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:
 Regression Statistics  Multiple R 0.7930 R Square 0.6288 Adjusted R 0.6029 Square  Standard 10.4570 Error  Observations 47\begin{array}{lr}\hline {\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.7930 \\\text { R Square } & 0.6288 \\\text { Adjusted R } & 0.6029 \\\text { Square } & \\\text { Standard } & 10.4570 \\\text { Error } & \\\text { Observations } & 47\end{array}
ANOVA
 df  SS  MS F Significance F  Regression 37965.082655.0324.28020.0000 Residual 434702.02109.35 Total 4612667.11\begin{array}{lrrrrr} & \text { df } &{\text { SS }} & \text { MS } & F&\text { Significance F } \\\hline \text { Regression } & 3 & 7965.08 & 2655.03 & 24.2802 & 0.0000 \\\text { Residual } & 43 & 4702.02 & 109.35 & & \\\text { Total } & 46 & 12667.11 & & &\end{array}

 Coefficients  Standard  Error t Stat  P-value  Lower 95%  Upper 95%  Intercept 753.4225101.11497.45110.0000957.3401549.5050 % Attendance 8.50141.07717.89290.00006.329210.6735 Salary 0.0000006850.00060.00110.99910.00130.0013 Spending 0.00600.00461.28790.20470.00340.0153\begin{array}{lrrrrrr} & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & t \text { Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & -753.4225 & 101.1149 & -7.4511 & 0.0000 & -957.3401 & -549.5050 \\\text { \% Attendance } & 8.5014 & 1.0771 & 7.8929 & 0.0000 & 6.3292 & 10.6735 \\\text { Salary } & 0.000000685 & 0.0006 & 0.0011 & 0.9991 & -0.0013 & 0.0013 \\\text { Spending } & 0.0060 & 0.0046 & 1.2879 & 0.2047 & -0.0034 & 0.0153\end{array}
-Referring to Instruction 13-13,what are the numerator and denominator degrees of freedom,respectively,for the test statistic to determine whether there is a significant relationship between percentage of students passing the proficiency test and the entire set of explanatory variables?


Definitions:

Generally Accepted Accounting Principles

A set of widely adhered to accounting principles and norms for the preparation of financial statements.

Time Period Assumption

An accounting principle that states a business's activities can be divided into specific time periods, such as months, quarters, or years for reporting purposes.

Securities and Exchange Commission

An independent federal agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

IASB

stands for the International Accounting Standards Board, which is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS).

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