A regression analysis involved 10independent variables and 27 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have
A. 27 degrees of freedom.
B. 26 degrees of freedom.
C. 21 degrees of freedom.
D. 16 degrees of freedom.
Answer: D
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Which of the following controls over cash would an auditor expect to observe?
a. Reconciliation of the general ledger to the subsidiary ledger. b. Checks permanently marked "for deposit only" with the proper routing information. c. Internal audits of marketable securities held in the company's lockbox. d. Authorization privileges given only to those employees using the accounting system.
Which of the following items is consistent with earnings being informative about current performance but not informative about future earnings?
a. The firm recognizes an unexpected gain b. The firm recognizes a fair value gain on a financial asset as a result of a favorable move in interest rates. c. The firm recognizes additional expenses this period due to pre-opening costs associated with new stores. d. The firm experiences a large jump in sales and earnings as a result of successful research and development of new products.
Practitioners in nonprofit organizations attempting to increase contributions and volunteers work in the specialized part of public relations known as:
A. Investor relations D. Development B. Marketing support E. Internal relations C. Constituent relations
Briefly summarize the concept of Theory of Constraints. How might this philosophy be applied to business, such as a hand car wash/auto detailing shop?
What will be an ideal response?