Instruction 13-15
a Financial Analyst Wanted to Examine the Relationship

question 67

Short Answer

Instruction 13-15
A financial analyst wanted to examine the relationship between salary (in $1,000)and 4 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:
SUMMARY
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.992 \\ \text { R Square } & 0.984 \\ \text { Adj. R Square } & 0.979 \\ \text { Std. Error } & 2.26743 \\ \text { Observations } & 20 \end{array}$
ANOVA
$\begin{array} { l l l l l l } & \boldsymbol { d f } & \text { SS } & \text { MS } & \boldsymbol { F } & \text { Signif } \boldsymbol { F } \\ \text { Regression } & 4 & 4609.83164 & 1152.45791 & 224.160 & 0.0001 \\ \text { Residual } & 15 & 77.11836 & 5.14122 & & \\ \text { Total } & 19 & 4686.95000 & & & \end{array}$
$\begin{array} { l l l l l } & \text { Coeff } & \text { StdError } & \boldsymbol { t } \text { Stat } & \boldsymbol { P } \text {-Value } \\ \text { Intercept } & - 9.611198 & 2.77988638 & - 3.457 & 0.0035 \\ \text { Age } & 1.327695 & 0.11491930 & 11.553 & 0.0001 \\ \text { Exper } & - 0.106705 & 0.14265559 & - 0.748 & 0.4660 \\ \text { Degrees } & 7.311332 & 0.80324187 & 9.102 & 0.0001 \\ \text { Prevjobs } & - 0.504168 & 0.44771573 & - 1.126 & 0.2778 \end{array}$ Note: Adj.R Square = Adjusted R Square;Std.Error = Standard Error
-Referring to Instruction 13-15,the critical value of an F test on the entire regression for a level of significance of 0.01 is ________.

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Definitions:

Teacher

An individual who educates students, imparting knowledge, skills, and critical thinking through various learning methodologies and environments.

Military Serviceperson

An individual who is serving in the armed forces.

Medical Technician

A healthcare professional trained to perform diagnostic tests, manage equipment, and support medical practitioners.

Discharged

In a legal or financial context, refers to being formally released from an obligation or debt.