Shown below is a portion of a computer output for a regression analysis relating y (dependent variable) and x (independent variable).
a.Perform a t test and determine whether or not y and x are related. Use 0.05.
b.Compute the coefficient of determination and fully interpret the meaning. Be very specific.
Definitions:
Expenses
Costs incurred by a business in the process of earning revenues.
Revenue Recognition Principle
The concept that supports recording revenues when services have been performed or products delivered to customers.
Cash
Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.
Adjusting Entries
Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.
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