TABLE 14-8
a Financial Analyst Wanted to Examine $\text {SUMMARY OUTPUT}$

question 151

Short Answer

TABLE 14-8
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:
$\text {SUMMARY OUTPUT}$
$\begin{array}{ll}\hline \text { Regression Statistics } \\\hline \text { Multiple R }& 0.992 \\ \text { R Square} & 0.984 \\ \text { Adjusted R Square} & 0.979 \\ \text { Standard Error }& 2.26743 \\ \text { Observations} & 20 \\\hline\end{array}$

ANOVA
$\begin{array}{lccclc}\hline & \text {d f }& \text { SS }& \text { M S } & \text { F } & \text {Significance F } \\\hline \text { Regression} & 4 & 4609.83164& 1152.45791 & 224.160& 0.0001 \\ \text {Residual} &15& 77.11836 & 5.14122& & \\ \text {Total} & 19 & 4686.95000 & & & \\\hline\end{array}$

$\begin{array}{lrrrr}\hline & \text {Coefficients} &\text { Standard Error} & \text { t Stat } & \text { p -value} \\\hline \text { Intercept }& -9.611198 & 2.77988638 & -3.457 & 0.0035 \\\text { Age }& 1.327695 & 0.11491930 & 11.553 & 0.0001 \\\text { Exper }& -0.106705 & 0.14265559 & -0.748 & 0.4660 \\\text { Degrees} & 7.311332 & 0.80324187 & 9.102 & 0.0001 \\\text { Prevjobs }& -0.504168 & 0.44771573 & -1.126 & 0.2778 \\\hline\end{array}$

-Referring to Table 14-8, the analyst wants to use a t test to test for the significance of the coefficient of X₃. The value of the test statistic is_____ .

Recognize the variabilities and limitations of parental and professional responsibility for torts.

Comprehend the principles underlying no-fault insurance programs and their impact on tort claims.

Analyze the role of strict liability in tort law.

Understand the implications of rescue attempts and the duty of care in such scenarios.

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Internet Access

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Nation's Infrastructure

Refers to the fundamental facilities and systems serving a country, such as transportation, communication networks, water and power lines, and public institutions like schools and hospitals.

Facilities

Physical buildings, structures, and resources provided for a particular purpose, such as factories, offices, schools, or hospitals.

National Governments

The central governing bodies of a nation that are responsible for creating and enforcing laws, policies, and regulations, and managing the country's affairs.