TABLE 14-8 A Financial Analyst Wanted to Examine the Relationship Between Salary

question 240

Short Answer

TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000) and 4 variables: age (X₁ = Age), experience in the field (X₂ = Exper), number of degrees (X₃ = Degrees), and number of previous jobs in the field (X₄ = Prevjobs). He took a sample of 20 employees and obtained the following Microsoft Excel output:
-Referring to Table 14-8, the analyst wants to use a t test to test for the significance of the coefficient of X₃. The p-value of the test is ________.

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Definitions:

Load Factor

In transportation and logistics, it is the ratio of actual cargo carried to the total carrying capacity available, indicating efficiency in space usage.

Operating Expense

Costs associated with the day-to-day functioning of a business, excluding direct production costs.

Yield

The income generated from an investment, usually expressed as a percentage of the investment's cost or current market value.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.