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

question 125

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.The p-value of the test is ________.

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Definitions:

Industrial Economy

An economic system characterized by the extensive development of manufacturing, large-scale production, and the utilization of heavy machinery and advanced technologies.

Levels Of Stratification

Describes the hierarchical arrangement of social classes, status groups, or other social categories within a society.

Global Economy

An interconnected marketplace where goods, services, and labor are exchanged worldwide.

Telecommuting

The practice of working from a remote location, typically one's home, using telecommunications technology to perform one's job duties.