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:

Functionalism

An approach emphasizing the way each part of society functions to fulfill the needs of the whole.

Role Strain

The stress or tension experienced when the demands of a particular social role conflict with an individual's personal abilities, resources, or needs.

Adequate Time

The amount of time deemed sufficient to accomplish a task or meet a requirement, often based on subjective evaluation.

Responsibilities

Duties or obligations expected to be fulfilled by individuals or organizations.