SCENARIO 13-8
a Financial Analyst Wanted to Examine the Relationship

question 79

Short Answer

SCENARIO 13-8
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: $$\begin{array}{l}\begin{array} { l r } \hline { \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.8535 \\\text { R Square } & 0.7284 \\\text { Adjusted R Square } & 0.6964 \\\text { Standard Error } & 10.5630 \\\text { Observations } & 20 \\\hline\end{array}\\\\\text { ANOYA }\\\begin{array} { l r c c c c } & d f & \text { SS } & \text { MS } & \text { F } & \text { Siqnificonce F } \\\hline \text { Regression } & 2 & 5086.5764 & 2543.2882 & 22.7941 & 0.0000 \\\text { Residual } & 17 & 1896.8050 & 111.5768 & & \\\text { Total } & 19 & 6983.3814 & & & \\\hline\end{array}\\\\\begin{array} { l r r r r r r } \hline & \text { Coefficients } & \text { Standard Error } & { t \text { Stat } } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & 1.5740 & 9.2723 & 0.1698 & 0.8672 & - 17.9888 & 21.1368 \\\text { Age } & 1.3045 & 0.1956 & 6.6678 & 0.0000 & 0.8917 & 1.7173 \\\text { Exper } & - 0.1478 & 0.1944 & - 0.7604 & 0.4574 & - 0.5580 & 0.2624 \\\hline\end{array}\end{array}$$
-Referring to SCENARIO 13-8, the analyst wants to use a t test to test for the significance of the coefficient of X2.For a level of significance of 0.01, the critical values of the test are _.

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Tariffs

Taxes imposed on imported goods and services, intended to raise their price and protect domestic industries.

Trade Barriers

Restrictions imposed by a government on the importation or exportation of goods to protect domestic industries.

Mutual Economic Growth

a situation in which multiple parties or countries experience simultaneous increases in economic development and prosperity through cooperation or beneficial policies.

Favourable Trade And Customs Laws

Legislation and regulations that reduce barriers to trade, such as tariffs and quotas, making it easier for goods and services to move across borders.