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

question 132

Short Answer

SCENARIO 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 Scenario 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X₂.The p-value of the test is .

Recognize the importance of environmental indicators and their role in assessing quality of life and environmental health.

Understand external and internal costs associated with economic activities and their impact on sustainability and policy making.

Comprehend the implications of economic growth on the environment and society.

Identify strategies for achieving ecologically sustainable development.