A Local Parent Group Was Concerned with the Increasing School

question 51

Multiple Choice

A local parent group was concerned with the increasing school cost for families with school aged children.The parent group was interested in understanding the relationship between the
The academic grade level for the child and the total costs spent per child per academic year.They
Performed a multiple regression analysis using total cost as the dependent variable and academic
Year (x₁) as the independent variables.The multiple regression analysis produced the following
Tables.
The regression equation for this analysis is ____________.

• A)y = 707.9144 + 2.903307 x1 + 11.91297 x12
• B)y = 707.9144 + 435.1183 x1 + 1.626947 x12
• C)y = 435.1183 + 81.62802 x1 + 3.806211 x12
• D)y = 1.626947 + 0.035568 x1 + 3.129878 x12
• E)y = 1.626947 + 0.035568 x1 - 3.129878 x12

---

Definitions:

Balance Sheet

A report that encapsulates a business's assets, debts, and owner's equity at a certain date.

Financial Leverage

The use of borrowed funds with a fixed cost in an effort to amplify the potential return to shareholders.

Bonds Payable

Long-term liabilities represented by documents promising to pay a specified sum of money at a future date plus periodic interest payments to bondholders.

Accounts Payable

Represents the amounts owed by a company to its creditors for goods and services purchased on credit.