Use the Data Given Below to Answer the Following Question(s)

question 35

Essay

Use the data given below to answer the following question(s).
Following is an extract from a firm's database detailing the number of hours spent on the job by employees and their corresponding pay. (Note: Assume a level of significance of 0.05 wherever necessary.) $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Hours spent } \\\text { on the job }\end{array} & \text { Salary (\$) } \\\hline 4 & 340 \\\hline 12 & 850 \\\hline 7 & 570 \\\hline 5 & 470 \\\hline 11 & 820 \\\hline 8 & 610 \\\hline 9 & 630 \\\hline 13 & 900 \\\hline 10 & 800 \\\hline 6 & 480 \\\hline\end{array}$$
-Is the hours spent on the job a statistically significant variable in explaining the variation in pay of employees? (Hint: Use Regression tool).

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Definitions:

Phobia

An intense, irrational fear of specific objects, situations, or activities that can significantly interfere with daily functioning.

Modeling

A method used in psychology to learn new behaviors by observing and imitating others.

Systematic Desensitization

A behavioral therapy technique that gradually exposes the individual to the object of their fear in a controlled manner, alongside relaxation exercises, to reduce phobic responses.

Flooding

An exposure therapy technique used in psychology to treat phobias and anxiety by exposing the patient to their fear at full intensity.