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

question 241

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,what is the p-value for testing whether Wages have a negative impact on corporate sales?

• A)0.0001
• B)0.00005
• C)0.05
• D)0.99995

Understand the impact of the Statute of Frauds on the enforceability of contracts involving the sale of goods.

Comprehend the doctrine of promissory estoppel and its potential to override the Statute of Frauds.

Acknowledge various forms of writings that satisfy the Statute of Frauds.

Understand the concept and importance of collaborative filtering in predicting consumer preferences.

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