A Multiple Regression Analysis Produced the Following Output from Excel

question 76

Multiple Choice

A multiple regression analysis produced the following output from Excel. The correlation coefficient is ____________.

• A)0.9787
• B)0.9579
• C)0.9523
• D)67.671
• E)0.0489

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Definitions:

Income Tax Expense

The expense recorded to account for taxes on profits earned by an organization, which is charged against its income.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of investor’s wealth maximization.

Straight-Line Depreciation

A technique that distributes the expense of a physical asset across its life expectancy in identical yearly sums.

Income Tax Expense

The amount of money a company is required to pay to the government for the income it has earned during a period.