SCENARIO 17-3 a Financial Analyst Wanted to Examine the Relationship $\$ 1,000$

question 156

Short Answer

SCENARIO 17-3 A financial analyst wanted to examine the relationship between salary (in $\$ 1,000$ ) and 4 variables: age $\left( X _ { 1 } = \mathrm { Age } \right)$ , experience in the field $\left( X _ { 2 } = \right.$ Exper $)$ , number of degrees $\left( X _ { 3 } = \right.$ Degrees $)$ , and number of previous jobs in the field ( $X _ { 4 } =$ Prevjobs). He took a sample of 20 employees and obtained the following Microsoft Excel output:

SUMMARY OUTPUT

$\begin{array}{ll}{\text { Regression Statistics }} \\\text { Multiple R } & 0.992 \\\text { R Square } & 0.984 \\\text { Adjusted R Square } & 0.979 \\\text { Standard Error } & 2.26743 \\\text { Observations } & 20\end{array}$


$\begin{array}{lrrrrr} & d f &{\text { SS }} & \text { MS } & F & \text { Signif } F \\\text { Regression } & 4 & 4609.83164 & 1152.45791 & 224.160 & 0.0001 \\\text { Residual } & 15 & 77.11836 & 5.14122 & & \\\text { Total } & 19 & 4686.95000 & & &\end{array}$

$\begin{array}{lrrrr} & {\text { Coeff }} & \text { StdError } & {\text { Stat }} & \text { P-value } \\\text { Intercept } & -9.611198 & 2.77988638 & -3.457 & 0.0035 \\\text { Age } & 1.327695 & 0.11491930 & 11.553 & 0.0001 \\\text { Exper } & -0.106705 & 0.14265559 & -0.748 & 0.4660 \\\text { Degrees } & 7.311332 & 0.80324187 & 9.102 & 0.0001 \\\text { Prevjobs } & -0.504168 & 0.44771573 & -1.126 & 0.2778\end{array}$
-Referring to Scenario 17-3, the analyst wants to use a t test to test for the significance of the
coefficient of $X _ { 3 }$ . The p-value of the test is ________.

Understand the implications of environmental liabilities on corporate financial reporting and management.

Recognize the importance of proper journal entries in capturing transactions related to liabilities and contingencies.

Understand the components and classification of fixed assets.

Recognize the importance and components of capital and revenue expenditures.

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Definitions:

Sexual Impulses

Natural, instinctual urges related to sexual desire and activities.

Same-Sex Friends

Individuals who form friendships with others of the same gender, which is common during childhood and can influence social and emotional development.

Latency

A period in psychoanalytic theory occurring roughly between the ages of 6 and puberty, characterized by a decrease in sexual interests and conflicts while growth in other areas.

Strong Attachment

Strong attachment describes the deep emotional bond that develops between children and their caregivers, foundational in the child's emotional and social development.