Solved

For Many Countries Tourism Is an Important Source of Revenue ($ (\$

Question 35

Multiple Choice

For many countries tourism is an important source of revenue. Data are collected
On the number of foreign visitors to a country (in millions) and total tourism revenue (in
Billions of dollars) for a sample of 10 countries. Below is partial regression analysis
Output with tourism revenue as the dependent variable. The calculated t-statistic to test
Whether the regression slope is significant is
Regression Analysis: Tourism ($ bill) versus Visitors (mill) The regression equation is
Tourism ($ (\$ bill ) =21.5+0.295 ) =21.5+0.295 Visitors (mill)

 Predictor  Coef  sE Coef  T  P  Constant 21.4643.462 Visitors (mil1)  0.294970.07917 \begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { sE Coef } & \text { T } & \text { P } \\ \text { Constant } & 21.464 & 3.462 \\ \text { Visitors (mil1) } & 0.29497 & 0.07917\end{array}

S=2.58307RSq=63.4%S=2.58307 \quad \mathrm{R}-\mathrm{Sq}=63.4\%


A) 6.20
B) 13.88
C) 0.07917
D) 2.58307
E) 3.73

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions