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

question 20

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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:  Regression Statistics  Multiple R 0.8535 R Square 0.7284 Adjusted R Square 0.6964 Standard Error 10.5630 Observations 20 ANOYA df SS  MS  F  Siqnificonce F  Regression 25086.57642543.288222.79410.0000 Residual 171896.8050111.5768 Total 196983.3814 Coefficients  Standard Error t Stat  P-value  Lower 95%  Upper 95%  Intercept 1.57409.27230.16980.867217.988821.1368 Age 1.30450.19566.66780.00000.89171.7173 Exper 0.14780.19440.76040.45740.55800.2624\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 decided to construct a 95% confidence interval for β\beta 2 .The confidence interval is from to .

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Definitions:

Ambulating

The act of walking or moving from one place to another, often used in healthcare to refer to patients' mobility status.

Incontinent

The inability to control bodily functions such as urination or defecation, often requiring management strategies or medical treatment.

Enuresis

The medical term for involuntary urination, especially by children at night, commonly known as bedwetting.

Perineal Care

The practice of maintaining cleanliness around the genital and anal areas to prevent infection and provide comfort, especially important for those with certain health conditions or limitations.

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