Instruction 13.24 A Financial Analyst Wanted to Examine the Relationship Between Salary

question 227

Short Answer

Instruction 13.24
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:
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.24,the analyst wants to use a t test to test for the significance of the coefficient of X₃.For a level of significance of 0.01,the critical values of the test are _____.

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Definitions:

Compulsive Use

The behavior characterized by an irresistible urge to continuously engage in an activity or consumption of a substance despite harmful consequences.

Clinical Manifestations

Observable signs or symptoms associated with a medical condition.

Dependence

A condition in which a person relies on a substance or activity for normal functioning or feels a compelling urge to use it.

Ventilation

The process of moving fresh air into and stale air out of a space to ensure adequate air quality.