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Twenty-One Executives in a Large Corporation Were Randomly Selected to Study

question 81

Multiple Choice

Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow: $Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow: Test the hypothesis that the regression coefficient for age is equal to 0 at the 0.05 significance level. Report the critical value, the calculated test-statistic, and your decision. A) t-critical = \pm 2.131, t-calculated = -0.169, fail to reject. B) t-critical = \pm 2.131, t-calculated = -0.183, fail to reject. C) t-critical = \pm 1.753, t-calculated = -0.169, fail to reject. D) t-critical = \pm 1.753, t-calculated = -0.169, reject.$
Test the hypothesis that the regression coefficient for age is equal to 0 at the 0.05 significance level. Report the critical value, the calculated test-statistic, and your decision.

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Definitions:

Enforce Laws

The act of compelling compliance with legislation, rules, or regulations through the application of penalties or sanctions.

Ralph Waldo Emerson

An American essayist, lecturer, philosopher, and poet who led the transcendentalist movement of the mid-19th century.

Imprisoned

Confined or detained in prison as a form of punishment or preventive measure.

Lifetime Appointments

Positions or titles that are held for the individual's lifetime, often used in the context of judicial appointments.