The Accompanying Table Shows the Regression Results When Estimating Y

question 31

Multiple Choice

The accompanying table shows the regression results when estimating y = β₀ + β₁x + ε. Which of the following is the value of the test statistic when testing whether x significantly influences y?

• A) 0.66
• B) 1.42
• C) 1.96
• D) 2.25

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Definitions:

Functional Departmentation

The process of organizing a business into distinct departments, each responsible for a specific function or area, such as marketing or finance.

Centralized

The concentration of control, authority, or decision-making power within a singular or limited locale or organization hierarchy.

Communication

The process of sharing information, ideas, feelings, and messages through speech, writing, signals, or behaviors.

Effort Duplication

The unnecessary repetition of work or tasks, often resulting in wasted resources and time.