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

question 251

True/False

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
-True or False: Referring to Table 17-3,the analyst wants to use a t test to test for the significance of the coefficient of X₃.At a level of significance of 0.01,the department head would decide that β₃ ≠ 0.

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