Instruction 12-9
It Is Believed That,the Average Numbers of Hours

question 194

Multiple Choice

Instruction 12-9
It is believed that,the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY,measured in thousands of dollars per month) after graduation.Given below is the Microsoft Excel output for predicting starting salary (Y) using number of hours spent studying per day (X) for a sample of 51 students.NOTE: Only partial output is shown.
$\begin{array}{|l|r|}\hline {\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.8857 \\\hline \text { R Square } & 0.7845 \\\hline \text { Adjusted R Square } & 0.7801 \\\hline \text { Standard Error } & 1.3704 \\\hline \text { Observations } & 51 \\\hline\end{array}$
ANOVA
$\begin{array}{|l|r|r|r|r|r} & d f & \text { SS } & {M S} & F & \text { Significance } F \\\hline \text { Regression } & 1 & 335.0472 & 335.0473 & 178.3859 & \\\hline \text { Residual } & & & 1.8782 & & \\\hline \text { Total } & 50 & 427.0798 & & &\end{array}$

$\begin{array}{l|r|r|r|r|r|r} & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & \text { t Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & -1.8940 & 0.4018 & -4.7134 & 2.051 \mathrm{E}-05 & -2.7015 & -1.0865 \\\hline \text { Hours } & 0.9795 & 0.0733 & 13.3561 & 5.944 \mathrm{E}-18 & 0.8321 & 1.1269\end{array}$ Note: 2.051E-05 = 2.051 * 10^-0.5 and 5.944E-18 = 5.944 * 10^-18.
-Referring to Instruction 12-9,the degrees of freedom for the F test on whether HOURS affects SALARY are

• A)49,1.
• B)1,50.
• C)50,1.
• D)1,49.

Gain knowledge of the structure and influence of the church and nobility on society during the eighteenth century.

Analyze the economic transitions in Europe, including shifts from peasant labor obligations to other forms of taxation or rent.

Recognize the contribution of technological advances and industrial growth to societal changes, including the decrease in death rates and the beginning of the Industrial Revolution.

Identify the social and economic conditions of peasants and other classes during the eighteenth century.

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Definitions:

Effective Restructuring

Entails making significant organizational changes that aim to improve efficiency, reduce costs, or better align the business structure with its strategic objectives.

Outsourcing

The act of hiring third-party vendors to perform services or create goods that traditionally were performed in-house, as a strategy to focus on core business activities.

Rightsizing

The process of adjusting a company's workforce to its optimal size, often involving layoffs or restructuring.

Systematic Change

A long-term strategy that changes the organization's culture and attitudes, and employees' values, with the goals of reducing costs and enhancing quality.