A Manager at a Local Bank Analyzed the Relationship Between

question 80

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months) , gender (0 = female, 1 = male) and job type (0 = Clerical, 1 = technical) . The following ANOVA summarizes the regression results: The results for the variable gender show that

• A) males average $222.78 more than females in monthly salary
• B) females average $222.78 more than males in monthly salary
• C) gender is not related to monthly salary
• D) Gender and months of service are correlated.

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Definitions:

Journalized Transactions

The formal recording of financial transactions in the accounting journals as part of the double-entry bookkeeping system.

Ledger Accounts

Records within a ledger that show the transaction history and current balance of each account.

Owner's Drawings Account

An account that tracks the amount of money a business owner withdraws from the company for personal use.

Revenue Accounts

Accounts that record the income generated by a company from its normal business operations or activities.