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:

Extensive Drought

A prolonged period of abnormally low rainfall, leading to a severe water shortage affecting large geographic areas.

Social Change

The alteration in the social order of a society, which may include changes in nature, social institutions, social behaviors, or social relations.

Demographic Changes

Alterations in the statistical characteristics of a population over time, including age, race, gender distribution, and other factors affecting population dynamics.

Emergent Norms

Norms that develop spontaneously within a group in response to a new situation or event.