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

question 155

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 value of the coefficient of multiple determination,r²_Y.1234,is ________.

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Definitions:

Self-Regulation

The ability to monitor and control one's behaviors, emotions, or thoughts, adapting to situations and pursuing long-term goals.

Extensive Vocabulary

Possession of a large and varied set of words for use in communication or understanding.

Intrinsic Motivation

The drive to engage in an activity for its own sake, out of interest or enjoyment, rather than for an external reward.

Extrinsic Motivation

A type of motivation driven by external rewards outside the individual, such as money, fame, grades, or praise.