Instruction 13.31
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.31,what is the p-value for Wages?
A) 0.05
B) 0.01
C) 0.0001
D) None of the above.

Question

Instruction 13.31
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
  Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.31,what is the p-value for Wages?
A) 0.05 
B) 0.01 
C) 0.0001 
D) None of the above.

Quizplus · Accepted Answer

The p-value for Wages is given in the column labeled "P-value" and is 0.0001, indicating it is statistically significant at a 99% confidence level. Therefore, we can reject the null hypothesis that Wages has no effect on corporate sales.

Instruction 13.31 A Microeconomist Wants to Determine How Corporate Sales Are Influenced