A Manager at a Local Bank Analyzed the Relationship Between

question 131

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:
Based on the hypothesis tests for the individual regression coefficients,

• A) all the regression coefficients are not equal to zero.
• B) "job" is the only significant variable in the model.
• C) only months of service and gender are significantly related to monthly salary.
• D) "service" is the only significant variable in the model.

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Definitions:

Write Off

An accounting action taken to recognize that an asset has lost its value and is removed from the balance sheet.

Cash

Money in the form of coins or banknotes, especially that used to operate a business on a day-to-day basis.

Prior Year Financial Statements

Reports that detail a company's financial performance in the previous fiscal year, including the income statement, balance sheet, and cash flow statement.

Bad Debt Expense

This is an expense account reflecting the cost of accounts receivable that a company does not expect to collect.