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A Prediction Equation for Sales and Payroll Was Performed Using

Question 51

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) 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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