A Manager at a Local Bank Analyzed the Relationship Between

question 32

Multiple Choice

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.She estimates the following model: Salary = β₀ + β₁ Service + ε.The following table summarizes a portion of the regression results. Using the 95% confidence interval,what is the conclusion to the following hypothesis test: H₀:b₁ = 0;H_A: b₁ ≠ 0?

• A) At the 5% significance level,reject H₀ and conclude that service is significant.
• B) At the 5% significance level,do not reject H₀ and conclude that service is significant.
• C) At the 5% significance level,reject H₀ and conclude that service is not significant.
• D) At the 5% significance level,do not reject H₀ and conclude that service is not significant.

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Definitions:

Improved Mental Capacity

Refers to enhancements in cognitive functions such as memory, focus, and problem-solving, often resulting from physical activity, nutrition, or cognitive training.

Legal Blood Alcohol Limit

The maximum concentration of alcohol allowed in an individual's bloodstream while operating a vehicle, as defined by law.

Hard Liquor

Distilled beverages with a higher alcohol content than beer or wine, including spirits such as whisky, vodka, and rum.

Diuretic

A substance that promotes the production of urine, helping to remove excess fluids from the body.