Instruction 12 $\text { Regression Statistics }$ -Referring to Instruction 12

question 103

Multiple Choice

Instruction 12.6
The following Microsoft Excel tables are obtained when 'Score received on an exam (measured in percentage points) ' (Y) is regressed on 'percentage attendance' (X) for 22 students in a Statistics for Business and Economics course.
$\text { Regression Statistics }$
$\begin{array}{|l|l|}\hline \text { MultipleR } & 0.142620229 \\\hline \text { R Square } & 0.02034053 \\\hline \begin{array}{l}\text { Adjusted R } \\\text { Square }\end{array} & -0.028642444 \\\hline \text { Standard Error } & 20.25979924 \\\hline \text { Observations } & 22 \\\hline\end{array}$

$\begin{array}{|l|l|l|l|l|}\hline & \text { Coefficients } & \begin{array}{l}\text { Standard } \\\text { Error }\end{array} & t \text { Stat } & p \text {-value } \\\hline \text { Intercept } & 39.39027309 & 37.24347659 & 1.057642216 & 0.302826622 \\\hline \text { Attendance } & 0.340583573 & 0.52852452 & 0.644404489 & 0.526635689 \\\hline\end{array}$
-Referring to Instruction 12.6,which of the following statements is true?

• A) If attendance increases by 1%, the estimated mean score received will increase by 39.39 percentage points.
• B) If attendance increases by 0.341%, the estimated mean score received will increase by 1 percentage point.
• C) If the score received increases by 39.39%, the estimated mean attendance will go up by 1%.
• D) If attendance increases by 1%, the estimated mean score received will increase by 0.341 percentage points.

---

Definitions:

James Tobin

An American economist known for his work on the links between financial markets and economic decisions, especially the Tobin tax concept.

Long-run Value

The intrinsic value of an asset or company based on fundamental analysis, considering its potential for growth and profitability over an extended period.

Intrinsic Value

Intrinsic value is the perceived or calculated true value of an asset, investment, or company, based on fundamental analysis rather than current market price.