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# Quiz 5 Answer Key - Section 0401 QUIZ#5 – FALL 2011 NAME...

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Unformatted text preview: Section 0401 QUIZ #5 – FALL 2011 NAME: _________________________ ID: __________________________ Exhibit 1 Use the following model to answer questions 1, 2, and 3. Model: S = β + β 1 E + ε , where E is the number of hourly employees/week and S is equal to the total weekly payroll for hourly employees. SUMMARY OUTPUT Regression Statistics Mult. R 0.91 R Sq. 0.82 Adj. R Sq, 0.81 SE 760.83 Obs 15 ANOVA df SS MS F Sig. F Regression 1 34076618.26 34076618.26 <A> 0.00 Residual 13 7525308.32 578869.87 Total 14 41601926.58 Coef. SE t Stat P-value Lower 95% Upper 95% Intercept-1806.83 1071.44-1.69 0.12-4121.52 507.87 E 428.33 55.83 7.67 0.00 307.73 548.94 1. The percent of the weekly variation in S (= weekly payroll) explained by the estimated regression equation is equal to: a. 91 % b. 82 % c. 9 % d. 100 % 2. We conclude that: a. β 1 is equal to 0 since b 1 has a t-statistic of 7.67 which is close to 1.96 statistically....
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Quiz 5 Answer Key - Section 0401 QUIZ#5 – FALL 2011 NAME...

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