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

question 152

True/False

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,you can conclude that instructional spending per pupil has no impact on mean percentage of students passing the proficiency test at a 5% level of significance using the 95% confidence interval estimate for ?₃.

---

Definitions:

Derivative Security

A financial instrument whose value is based on the performance of an underlying asset, index, or security.

Related Security

Related Security implies a financial instrument that is linked to another in terms of performance, underlying assets, or issuer.

Value

The monetary, material, or assessed worth of an asset, good, or service.

Common Stock Investments

Investments that involve buying equity shares of public companies, giving investors ownership interests and potential dividends.