TABLE 17-3 A Financial Analyst Wanted to Examine the Relationship Between Salary

question 123

Short Answer

TABLE 17-3
A financial analyst wanted to examine the relationship between salary (in $1,000)and 4 variables: age (X₁ = Age),experience in the field (X₂ = Exper),number of degrees (X₃ = Degrees),and number of previous jobs in the field (X₄ = Prevjobs).He took a sample of 20 employees and obtained the following Microsoft Excel output:
SUMMARY OUTPUT
Regression Statistics ANOVA
-Referring to Table 17-3,the analyst wants to use a t test to test for the significance of the coefficient of X₃.The p-value of the test is ________.

---

Definitions:

Affair

A romantic or sexual relationship, typically secret or illicit, between two individuals, usually where at least one is committed to another through marriage or partnership.

Cultural Folkway

Norms or customary behaviors that are characteristic of everyday life in a society, guiding social interactions without strict enforcement.

Sanction

A penalty for norm violation or a reward for norm adherence.

Culture Shock

A feeling of disorientation or discomfort experienced by someone who is suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.