Instruction 13-14
the Head of the Accounting Department Wanted to See

question 15

Short Answer

Instruction 13-14
The Head of the Accounting Department wanted to see if she could predict the average grade of students using the number of course units (credits)and total university entrance exam scores of each.She takes a sample of students and generates the following Microsoft Excel output:
SUMMARY
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.916 \\ \text { R Square } & 0.839 \\ \text { Adj. R Square } & 0.732 \\ \text { Std. Error } & 0.24685 \\ \text { Observations } & 6 \end{array}$
ANOVA
$\begin{array} { l l l l l l } & \boldsymbol { d f } & \text { SS } & \text { MS } & \boldsymbol { F } & \text { Signif } \boldsymbol { F } \\ \text { Regression } & 2 & 0.95219 & 0.47610 & 7.813 & 0.0646 \\ \text { Residual } & 3 & 0.18281 & 0.06094 & & \\ \text { Total } & 5 & 1.13500 & & & \\ & & & & & \\ & \text { Coeff } & \text { StdError } & \boldsymbol { t } \text { Stat } & \boldsymbol { P } \text {-Value } & \\ \text { Intercept } & 4.593897 & 1.13374542 & 4.052 & 0.0271 & \\ \text { GDP } & - 0.247270 & 0.06268485 & - 3.945 & 0.0290 & \\ \text { Price } & 0.001443 & 0.00101241 & 1.425 & 0.2494 & \end{array}$ Note: Adj.R Square = Adjusted R Square;Std.Error = Standard Error
-Referring to Instruction 13-14,the Head of Department wants to use a t test to test for the significance of the coefficient of X₁.For a level of significance of 0.05,the critical values of the test are ________.

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Definitions:

GDP Growth

Refers to the increase in the value of all goods and services produced in a country over a specific period of time, indicating economic expansion.

Economic Stimulus

Government policy or monetary measures aimed at increasing economic activity, often through increased public spending or tax cuts.

Impact Lag

The time it takes for the effects of economic policies or decisions to be observed in the economy.

Economic Stimulus

Government policy or monetary intervention aimed at promoting economic growth or preventing or reversing a recession by boosting spending and investment.