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 ________.

---

Definitions:

Intentions

Planned or desired outcomes that an individual aims to achieve through specific actions.

Universal Conventions

Agreed-upon norms and standards that are accepted and practiced by a wide range of cultures and societies.

Autonomous Thinking

Independent thinking that is not influenced by others' opinions or beliefs; self-directed reasoning.

Heteronomous Thinking

A stage in cognitive development where children believe that rules are unchangeable and given by authority, typically associated with Jean Piaget's moral development stages.