SCENARIO 18-3 A financial analyst wanted to examine the relationship between salary (in $1,000)and 4 variables: age ( = Age), experience in the field ( = Exper), number of degrees ( = Degrees), and number of previous jobs in the field ( = Prevjobs).He took a sample of 20 employees and obtained the following Microsoft Excel output: SUMMARY OUTPUT
-Referring to Scenario 18-3, the analyst wants to use a t test to test for the significance of the coefficient of .At a level of significance of 0.01, the department head would decide that .

Question

SCENARIO 18-3 A financial analyst wanted to examine the relationship between salary (in $1,000)and 4 variables: age (  = Age), experience in the field (  = Exper), number of degrees (  = Degrees), and number of previous jobs in the field (  = Prevjobs).He took a sample of 20 employees and obtained the following Microsoft Excel output: SUMMARY OUTPUT  
-Referring to Scenario 18-3, the analyst wants to use a t test to test for the significance of the coefficient of  .At a level of significance of 0.01, the department head would decide that  .

Quizplus · Accepted Answer

The question provides incomplete information as there is no mention of which variable 11ebc114_12e1_3e4c_8acb_0945d089adf7_TB8562_11 represents. Without this information, it is impossible to determine the correct answer. The question implies that there is a specific hypothesis test being conducted using the t-test, and the significance level is given as 0.01. The statement about the department head's decision suggests that this is a one-tailed test. In order to determine whether to reject or fail to reject the null hypothesis, we would look at the p-value associated with the coefficient of the variable in question, 11ebc114_12e1_3e4c_8acb_0945d089adf7_TB8562_11. If the p-value is less than or equal to 0.01, we would reject the null hypothesis and conclude that the coefficient is significantly different from zero at the 0.01 level of significance. Therefore, the statement in the question is true.

SCENARIO 18-3 a Financial Analyst Wanted to Examine the Relationship