SCENARIO 14-8 a Financial Analyst Wanted to Examine the Relationship

question 74

Short Answer

SCENARIO 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age = Age)and experience in the field = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also, the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Scenario 14-8, the analyst wants to use a t test to test for the significance of the coefficient of For a level of significance of 0.01, the critical values of the test are ________.

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Definitions:

Recency Judgments

The evaluations or decisions made based on the most recent information or experiences, rather than on earlier data.

Attributions

The process by which individuals infer the causes of their own and others' behavior.

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behavior.