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

question 212

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 decided to construct a 99% confidence interval for β₃. The confidence interval is from ________ to ________.

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Definitions:

Statistical Significance

The likelihood that a research finding represents a genuine effect rather than a chance fluctuation of measurement.

Twin-Study Method

A procedure for examining the role of genetics on personality in which pairs of monozygotic and dizygotic twins are compared.

Genetics

The study of heredity and the variation of inherited characteristics among living organisms.

Personality

Consistent behavior patterns and intrapersonal processes originating within the individual.