TABLE 13-8 A Financial Analyst Wanted to Examine the Relationship Between Salary

question 54

Short Answer

TABLE 13-8
A financial analyst wanted to examine the relationship between salary (in $1,000) and four 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 13-8, 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:

Alternative Design's Effect

Refers to the impact that choosing a different design might have on the results or outcomes of a project or product.

Boat Designers

Professionals who specialize in creating the aesthetic and functional specifications of boats, considering factors such as safety, efficiency, and usability.

Design Defect

A flaw in the design of a product that makes it unsafe for its intended use.

Ordinary Consumer

The average person who purchases goods or services for personal use, not for manufacture or resale.