A manager at a local bank analyzed the relationship between monthly salary (y,in $)and length of service (x,measured in months)for 30 employees.The following table summarizes a portion of the regression results: 
a.Specify the competing hypotheses to determine whether Service is significant in explaining Salary.
B)At the 5% significance level,is Service significant? Explain.
Definitions:
Market Rate
The average or prevailing price for goods or services in a particular market, often used as a benchmark in setting wages or prices.
Lead Policy
A set of guidelines or principles defining how to take the initiative or precedence in a specific area or situation.
Performance-Based Pay
A compensation system where an employee's pay is directly linked to their performance outcomes or achievements.
Stage of Development
The phase within a process, organization, or product lifecycle characterized by specific attributes or milestones.
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