Instruction 13-5
a Microeconomist Wants to Determine How Corporate Sales $\mathrm { R }$

question 108

Multiple Choice

Instruction 13-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies.She proceeds to randomly select 26 large corporations and record information in millions of dollars.The Microsoft Excel output below shows results of this multiple regression.
SUMMARY
Regression Statistics
\begin{tabular} { l r } Multiple $\mathrm { R }$ & $0.830$ \\ \hline Square & $0.689$ \end{tabular}
R Square $\quad 0.689$
Adj. R Square $\quad 0.662$
Std. Error $\quad 17501.643$
Observations 26
ANOVA
$\begin{array} { l l l l l l } & \boldsymbol { d f } & \text { SS } & \text { MS } & \boldsymbol { F } & \text { Siguif } \boldsymbol { F } \\ \text { Regression } & 2 & 15579777040 & 7789888520 & 25.432 & 0.0001 \\ \text { Residual } & 23 & 7045072780 & 306307512 & & \\ \text { Total } & 25 & 22624849820 & & & \end{array}$
$\begin{array} { l l l l l } & \text { Coeff } & \text { StdError } & \boldsymbol { t } \text { Stat } & \boldsymbol { P } \text {-value } \\ \text { Intercept } & 15800.0000 & 6038.2999 & 2.617 & 0.0154 \\ \text { Capital } & 0.1245 & 0.2045 & 0.609 & 0.5485 \\ \text { Wages } & 7.0762 & 1.4729 & 4.804 & 0.0001 \end{array}$ Note: Adj.R Square = Adjusted R Square;Std.Error = Standard Error
-Referring to Instruction 13-5,which of the independent variables in the model are significant at the 5% level?

• A)Capital,Wages.
• B)Wages.
• C)Capital.
• D)None of the above.

Understand the process and importance of empirical reasoning in scientific inquiry.

Analyze the criteria for non-circular reasoning in research methodologies.

Evaluate the reliability of published research in light of potential errors in scientific inquiry.

Explain the application of empirical reasoning to predict and control natural phenomena.

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No-lift Policy

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Mechanical Lifts

Devices used to assist in the lifting and moving of individuals or heavy loads, often utilized in healthcare settings to prevent injury.

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A type of connective tissue composed mainly of collagen fibers, providing structural support and strength to organs and body structures.