TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X₂.The p-value of the test is ________.

Question

TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output:

TABLE 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age (X<sub>1</sub> = Age)and experience in the field (X<sub>2</sub> = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848. -Referring to Table 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X<sub>2</sub>.The p-value of the test is ________.

Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X₂.The p-value of the test is ________.

Quizplus · Accepted Answer

The Answer of TABLE 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age (X 1 = Age)and experience in the field (X 2 = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848. -Referring to Table 14-8,the analyst wants to use a t test to test for the significance of the coefficient of X₂.The p-value of the test is ________.

TABLE 14-8 A Financial Analyst Wanted to Examine the Relationship Between Salary