TABLE 14-8 A Financial Analyst Wanted to Examine the Relationship Between Salary

question 228

Short Answer

TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X₂.The value of the test statistic is ________.

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Definitions:

Achievement Motivation

The drive to pursue and meet (usually high) standards of accomplishment and the desire to undertake success-oriented activities.

Intermediate Difficulty

Refers to tasks or challenges that are of a moderate level of complexity, neither too easy to solve without effort nor too difficult to be solved at all.

Sense of Accomplishment

The feeling of pride and fulfillment that comes from successfully completing a task or challenge.

Achievement Situation

A scenario in which an individual's ability or competence is measured, often invoking performance anxiety or motivation to succeed.