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:

Affordable Housing

Housing options that are economically feasible for people with low to moderate incomes, ensuring accessibility without financial hardship.

Poor Self-esteem

A condition where an individual holds a low or negative self-assessment of their worth or abilities.

Intrapersonal

Pertaining to phenomena or factors occurring within an individual's mind.

Vicarious Reinforcement

Vicarious reinforcement refers to the process of increasing the likelihood of a behavior by observing others being rewarded for that behavior, a concept used in social learning theory to explain how people learn from observing others.