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A Prediction Equation for Sales and Payroll Was Performed Using

Question 54

Multiple Choice

A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true? A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?     A)  Payroll is a good predictor of Sales based on α = 0.05. B)  There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05. C)  Payroll is not a good predictor of Sales based on α = 0.01. D)  The coefficient of determination is equal to 0.833333. E)  Payroll is the independent variable. A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?     A)  Payroll is a good predictor of Sales based on α = 0.05. B)  There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05. C)  Payroll is not a good predictor of Sales based on α = 0.01. D)  The coefficient of determination is equal to 0.833333. E)  Payroll is the independent variable.


A) Payroll is a good predictor of Sales based on α = 0.05.
B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05.
C) Payroll is not a good predictor of Sales based on α = 0.01.
D) The coefficient of determination is equal to 0.833333.
E) Payroll is the independent variable.

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