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

question 132

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 10% level of significance based solely on the 95% confidence interval estimate for ?₃.

Comprehend the transition from the adjusted trial balance to financial statements.

Classify assets correctly between current and non-current (plant, property, equipment).

Distinguish between current liabilities and other types of liabilities.

Define current assets and their characteristics.

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Definitions:

Unrealized Gain

The potential profit on an investment that has not been sold, reflecting an increase in value on paper but not realized as cash.

Dividend Revenue

Income earned from holding shares of a company that pays dividends.

Interest Revenue

Income earned on investments, savings accounts, and other financial instruments that pay interest.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.