Data were collected for a sample of 12 pharmacists to determine if years of experience and salary are related. A regression was run with the dependent variable Salary (thousands of dollars) and independent variable Experience (years). Suppose The P-value associated with the calculated t-statistic is

Question

Data were collected for a sample of 12 pharmacists to determine if years of experience and salary are related. A regression was run with the dependent variable Salary (thousands of dollars) and independent variable Experience (years). Suppose The P-value associated with the calculated t-statistic is < .001. At the .05 level of Significance we
A) reject the null hypothesis.
B) do not reject the null hypothesis.
C) conclude that years of experience is significant in explaining pharmacists' salary.
D) Both A and C.
E) Both B and C.

Quizplus · Accepted Answer

Since the P-value is less than the significance level of .05, we reject the null hypothesis (choice A) and conclude that years of experience is a significant predictor of pharmacists' salary (choice C). Therefore, the correct answer is D, both A and C.

Data Were Collected for a Sample of 12 Pharmacists to Determine