Twenty-One Executives in a Large Corporation Were Randomly Selected to Study

question 47

Multiple Choice

Twenty-one executives in a large corporation were randomly selected to study the effect of several
Factors on annual salary (expressed in $000s) . The factors selected were age, seniority, years of
College, number of company divisions they had been exposed to, and the level of their
Responsibility. The results of the regression analysis follow:
Test the hypothesis that the regression coefficient for age is equal to 0 at the 0.05 significance
Level. Report the critical value, the calculated test-statistic, and your decision.

• A) t-critical = ±2.131, t-calculated = -0.169, fail to reject.
• B) t-critical = ±2.131, t-calculated = -0.183, fail to reject.
• C) t-critical = ±1.753, t-calculated = -0.169, fail to reject.
• D) t-critical = ±1.753, t-calculated = -0.169, reject.

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Definitions:

Bass's Transformational Leadership

A leadership approach that transforms followers through inspirational motivation, intellectual stimulation, and individualized consideration.

Exchange Relationship

A dynamic where two or more parties give and receive something of value, fostering a reciprocal connection.

Self-Interests

The focus on one's own benefits and well-being in decision-making or actions, sometimes at the expense of others.

Task-Oriented Behaviors

Actions and activities that are focused on completing specific tasks or objectives within an organization.