Use the Following to Answer the Question(s) Below

question 20

Multiple Choice

Use the following to answer the question(s) below.
Data were collected for a sample of 12 pharmacists to determine if years of experience and salary are related. Below are the regression analysis results. The dependent variable is Salary in thousands of dollars.
-The P-value associated with this statistic is < 0.001. At the 0.05 level of significance

• A) we reject the alternative hypothesis.
• B) we fail to reject the null hypothesis.
• C) there is no evidence that the number of years of experience is significant in explaining pharmacists' salary.
• D) we reject the null hypothesis, and we conclude that there is strong evidence of an association between years of experience and pharmacists' salary.
• E) we support the null hypothesis, and we conclude that years of experience and pharmacists' salary are not related.

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Definitions:

Oral Agreement

A verbal commitment between two or more parties on a set of terms, which can be legally binding in certain circumstances.

Gifts and Gratuities

Items or payments given voluntarily without payment in return, often as a gesture of goodwill or for promotional purposes.

Commercial Bribery

The unethical or illegal practice of influencing the decisions of business personnel through unauthorised gifts or payments.

Perception of Bias

The belief or view that a person or organization is biased, leading to questions about fairness or objectivity.