A Manager at a Local Bank Analyzed the Relationship Between

question 100

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months) , gender (0 = female, 1 = male) and job type (0 = clerical, 1 = technical) . The following ANOVA summarizes the regression results: Based on the hypothesis tests for the individual regression coefficients, _____________.

• A) All the regression coefficients are not equal to zero
• B) "Job" is the only non-significant variable in the model
• C) The intercept is the only significant variable in the model
• D) "Service" is the only significant variable in the model

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Definitions:

Interest Payments

Payments made to lenders as a return on borrowed capital, typically expressed as a percentage of the principal.

Deficits

Occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period, resulting in a shortfall that needs to be financed.

Inflationary Gap

The difference between the actual level of output in an economy and the output level needed to achieve full employment without inflation.

Budget Surplus

A situation where income or revenues exceed expenditures over a specified period of time.