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

question 20

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

$\begin{array}{lrrrrrr} & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & t \text { Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & -753.4225 & 101.1149 & -7.4511 & 0.0000 & -957.3401 & -549.5050 \\\text { \% Attendance } & 8.5014 & 1.0771 & 7.8929 & 0.0000 & 6.3292 & 10.6735 \\\text { Salary } & 0.000000685 & 0.0006 & 0.0011 & 0.9991 & -0.0013 & 0.0013 \\\text { Spending } & 0.0060 & 0.0046 & 1.2879 & 0.2047 & -0.0034 & 0.0153\end{array}$
-Referring to Instruction 13-13,what is the value of 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?

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Definitions:

Rate of Return

A measure of the profitability of an investment, calculated as a percentage of the original cost of the investment.

Dividend Yield

An indicator showing the annual amount a corporation distributes as dividends compared to its current share value.

Required Rate

The minimum return that investors expect to earn from an investment to make it worth their while.

Dividends Grow

The increase in the dividend amount paid out by a company to its shareholders over time.