Refer to the Following Correlation Matrix That Was Part of a Regression

question 74

Multiple Choice

Refer to the following correlation matrix that was part of a regression analysis.The dependent variable was Abort (the number of abortions per 1000 women of childbearing age) .The regression was estimated using data for the 50 U.S.states with these predictors: EdSpend = public K−12 school expenditure per capita,Age = median age of population,Unmar = percent of total births by unmarried women,Infmor = infant mortality rate in deaths per 1000 live births. Correlation Matrix
Using a two-tailed correlation test,which statement is not accurate?

• A)Age and Infmor are not significantly correlated at α = .05.
• B)Abort and Unmar are significantly correlated at α = .05.
• C)Unmar and Infmor are significantly correlated at α = .05.
• D)The first column of the table shows evidence of multicollinearity.

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Definitions:

Direct Labor-Hours

The full extent of hours dedicated by employees who are directly integrated into the production process.

Manufacturing Overhead

All indirect factory-related costs incurred during the production process, excluding direct materials and direct labor costs.

Underapplied Manufacturing Overhead

Refers to the situation where the actual manufacturing overhead costs are greater than the overhead costs applied to production.

Allocation

The process of distributing resources or costs among various departments, products, or activities based on specific criteria or formulas.