According to the Center for Disease Control and Prevention,life Expectancy

question 34

Multiple Choice

According to the Center for Disease Control and Prevention,life expectancy at age 65 in America is about 18.7 years.Medical researchers have argued that while excessive drinking is detrimental to health,drinking a little alcohol every day,especially wine,may be associated with an increase in life expectancy.Others have also linked longevity with income and gender.The data relating to the length of life after 65 (Life) were collected.Data also include: average income (in $1,000s) (Income) ,the average number of alcoholic drinks consumed per day (Drinks) ,and a dummy variable Woman.The following model was created: Life = β₀ + β₁Income + β₂Drinks + β₃Woman + ε.The Excel partial output corresponding to this model is shown below. Using a p-value approach,which of the following conclusions is correct at 5% significance level?

• A) Do not reject H₀ and conclude that women live longer than men at the 5% significance level.
• B) Reject H₀ and conclude that women live longer than men at the 5% significance level.
• C) Do not reject H₀ and conclude that men live longer than women at the 5% significance level.
• D) Reject H₀ and conclude that men live longer than women at the 5% significance level.

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Definitions:

Profit Centres

Profit centres are separate business units or departments within a company that are responsible for generating their own revenue and profit, evaluated on their financial performance.

Controllable Costs

Expenses that can be directly influenced or managed by a specific level of management or decision maker within a given timeframe.

Transfer Prices

Prices charged for goods and services sold between divisions within the same company.

Medium Organisations

Businesses that occupy the middle ground in terms of size, resource availability, market reach, and employee count, between small and large companies.